Sumitomo Mitsui Trust Holdings Inc. boosted its stake in NextEra Energy Inc (NYSE:NEE) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,601,392 shares of the utilities provider’s stock after acquiring an additional 74,826 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in NextEra Energy were worth $250,121,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Risk Paradigm Group LLC lifted its holdings in NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 442 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares in the last quarter. Cerebellum GP LLC purchased a new position in NextEra Energy in the 4th quarter valued at $128,000. Horan Capital Advisors LLC. purchased a new position in NextEra Energy in the 3rd quarter valued at $134,000. Finally, Fieldpoint Private Securities LLC lifted its holdings in NextEra Energy by 84.0% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 420 shares in the last quarter. 75.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. KeyCorp restated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America assumed coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective on the stock. Credit Suisse Group assumed coverage on NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective on the stock. Finally, Guggenheim restated a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $162.00.
NextEra Energy Inc (NEE) opened at $145.29 on Friday. NextEra Energy Inc has a fifty-two week low of $124.18 and a fifty-two week high of $159.64. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $69,661.18, a price-to-earnings ratio of 12.76, a PEG ratio of 2.43 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. research analysts expect that NextEra Energy Inc will post 7.72 earnings per share for the current year.
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NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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