Atwood & Palmer Inc. Sells 215 Shares of NextEra Energy Inc (NEE)


Atwood & Palmer Inc. cut its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 5.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,109 shares of the utilities provider’s stock after selling 215 shares during the quarter. Atwood & Palmer Inc.’s holdings in NextEra Energy were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.


A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ceredex Value Advisors LLC increased its holdings in shares of NextEra Energy by 24.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 631,886 shares of the utilities provider’s stock valued at $105,904,000 after purchasing an additional 123,836 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock valued at $1,866,000 after purchasing an additional 223 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of NextEra Energy by 26.6% during the 4th quarter. Evermay Wealth Management LLC now owns 6,552 shares of the utilities provider’s stock valued at $1,139,000 after purchasing an additional 1,376 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of NextEra Energy by 63.4% during the 3rd quarter. Merit Financial Group LLC now owns 3,746 shares of the utilities provider’s stock valued at $627,000 after purchasing an additional 1,454 shares in the last quarter. Finally, Hexavest Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $68,255,000. 75.86% of the stock is owned by institutional investors.


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Several equities analysts have recently weighed in on NEE shares. Credit Suisse Group cut their target price on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Argus lifted their target price on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Royal Bank of Canada lifted their target price on shares of NextEra Energy to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Barclays lifted their target price on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th. Finally, Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a report on Monday, December 17th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $178.42.


Shares of NYSE NEE opened at $183.01 on Friday. The firm has a market capitalization of $87.47 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.79 and a beta of 0.26. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a one year low of $145.10 and a one year high of $184.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. NextEra Energy’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. Equities research analysts expect that NextEra Energy Inc will post 8.4 earnings per share for the current year.


In related news, CEO Armando Pimentel, Jr. sold 35,347 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $180.81, for a total value of $6,391,091.07. Following the completion of the sale, the chief executive officer now owns 94,596 shares of the company’s stock, valued at approximately $17,103,902.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the sale, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $3,421,623. The disclosure for this sale can be found here. In the last three months, insiders sold 74,678 shares of company stock valued at $13,469,072. 0.55% of the stock is owned by insiders.


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About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)