Aberdeen Group plc Acquires 78,180 Shares of NextEra Energy, Inc. $NEE

Aberdeen Group plc grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,600,727 shares of the utilities provider’s stock after purchasing an additional 78,180 shares during the quarter. Aberdeen Group plc owned approximately 0.12% of NextEra Energy worth $198,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy in the second quarter worth $25,000. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter valued at $25,000. Quaker Wealth Management LLC raised its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the period. Finally, Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy during the 2nd quarter valued at $31,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 2.0%

Shares of NYSE NEE opened at $93.78 on Friday. The firm’s fifty day moving average is $83.61 and its 200 day moving average is $80.19. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $94.94. 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 company has a market cap of $195.30 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.90 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced its 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. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 9,643 shares in the company, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. This represents a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 304,189 shares of company stock worth $26,373,239 over the last three months. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on NEE. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wolfe Research raised their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Argus set a $92.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group set a $91.00 price target on NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Two research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.95.

NextEra Energy Company 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.