NextEra Energy, Inc. $NEE Shares Bought by Atria Investments Inc

Atria Investments Inc raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,526 shares of the utilities provider’s stock after acquiring an additional 5,742 shares during the quarter. Atria Investments Inc’s holdings in NextEra Energy were worth $12,194,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC raised its stake in NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after acquiring an additional 526,996 shares in the last quarter. Norges Bank acquired a new stake in NextEra Energy during the 2nd quarter worth $2,375,545,000. Charles Schwab Investment Management Inc. lifted its position in NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after acquiring an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in NextEra Energy by 2.6% in the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after acquiring an additional 408,198 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.7%

Shares of NYSE:NEE opened at $91.96 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $93.59. 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’s 50-day simple moving average is $83.40 and its 200-day simple moving average is $79.97. The company has a market cap of $191.51 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.82 and a beta of 0.76.

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

Insiders Place Their Bets

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 304,189 shares of company stock valued at $26,373,239 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEE. BTIG Research reiterated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. TD Cowen began coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. Citigroup reaffirmed a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Finally, Wolfe Research upped their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.95.

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.