Compagnie Lombard Odier SCmA Has $76.41 Million Position in NextEra Energy, Inc. $NEE

Compagnie Lombard Odier SCmA boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 90.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,012,244 shares of the utilities provider’s stock after acquiring an additional 481,143 shares during the period. NextEra Energy accounts for 0.8% of Compagnie Lombard Odier SCmA’s holdings, making the stock its 25th biggest position. Compagnie Lombard Odier SCmA’s holdings in NextEra Energy were worth $76,414,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NEE. Activest Wealth Management raised its holdings in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the second quarter worth approximately $25,000. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $25,000. Finally, Quaker Wealth Management LLC boosted its stake in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. This trade represents a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 204,586 shares of company stock valued at $17,474,707. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NEE shares. Argus set a $92.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. TD Cowen initiated coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. Finally, BTIG Research reissued a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Trading Up 0.0%

Shares of NEE stock opened at $89.49 on Tuesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $90.99. The stock’s fifty day simple moving average is $82.97 and its 200 day simple moving average is $79.67. 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 firm has a market capitalization of $186.37 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.77 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

About NextEra Energy

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.