AGF Management Ltd. Cuts Position in NextEra Energy, Inc. $NEE

AGF Management Ltd. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 27.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,865 shares of the utilities provider’s stock after selling 49,829 shares during the period. AGF Management Ltd.’s holdings in NextEra Energy were worth $9,804,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC increased its stake in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after purchasing an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares in the last quarter. Finally, OLD National Bancorp IN bought a new position in NextEra Energy in the 2nd quarter worth $382,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 1.6%

Shares of NextEra Energy stock opened at $86.51 on Tuesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $89.19. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $82.57 and a 200-day moving average price of $79.16. The firm has a market cap of $180.16 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.72 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on NEE shares. JPMorgan Chase & Co. upped their price target on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. BTIG Research reissued a “buy” rating and issued a $103.00 target price on shares of NextEra Energy in a report on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Evercore ISI reissued an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. Finally, The Goldman Sachs Group raised their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Ronald R. Reagan sold 10,826 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total transaction of $920,210.00. Following the sale, the executive vice president directly owned 15,643 shares of the company’s stock, valued at $1,329,655. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.18% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.