Boston Family Office LLC Increases Position in NextEra Energy Inc (NEE)

Boston Family Office LLC lifted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,551 shares of the utilities provider’s stock after purchasing an additional 2,105 shares during the quarter. Boston Family Office LLC’s holdings in NextEra Energy were worth $7,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in NEE. Risk Paradigm Group LLC boosted its position in NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after buying an additional 442 shares during the period. Archford Capital Strategies LLC boosted its position in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares during the period. Cerebellum GP LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $128,000. Horan Capital Advisors LLC. acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $134,000. Finally, Fieldpoint Private Securities LLC boosted its position in NextEra Energy by 84.0% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock worth $135,000 after buying an additional 420 shares during the period. 75.44% of the stock is currently owned by institutional investors.

NextEra Energy Inc (NYSE NEE) opened at $148.10 on Friday. The stock has a market cap of $71,010.00, a P/E ratio of 13.04, a PEG ratio of 2.43 and a beta of 0.28. NextEra Energy Inc has a 1 year low of $124.25 and a 1 year high of $159.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. equities research analysts forecast that NextEra Energy Inc will post 7.72 earnings per share for the current fiscal year.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Several equities research analysts recently commented on NEE shares. Morgan Stanley lifted their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Argus reiterated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group started coverage on shares of NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $162.00.

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About NextEra Energy

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

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