Account Management LLC Has $6.58 Million Stake in NextEra Energy, Inc. $NEE

Account Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 28.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,115 shares of the utilities provider’s stock after acquiring an additional 19,110 shares during the quarter. NextEra Energy accounts for 7.0% of Account Management LLC’s portfolio, making the stock its 5th biggest holding. Account Management LLC’s holdings in NextEra Energy were worth $6,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of NEE. NorthStar Asset Management LLC NJ bought a new stake in NextEra Energy during the 3rd quarter valued at about $205,000. Aberdeen Group plc increased its position in shares of NextEra Energy by 3.1% during the third quarter. Aberdeen Group plc now owns 2,600,727 shares of the utilities provider’s stock valued at $198,201,000 after acquiring an additional 78,180 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in NextEra Energy by 0.7% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 23,221 shares of the utilities provider’s stock worth $1,753,000 after acquiring an additional 162 shares during the last quarter. Florida Financial Advisors LLC raised its holdings in NextEra Energy by 5.9% in the 3rd quarter. Florida Financial Advisors LLC now owns 3,505 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 194 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its position in NextEra Energy by 9.7% in the 3rd quarter. BTC Capital Management Inc. now owns 126,547 shares of the utilities provider’s stock valued at $9,553,000 after acquiring an additional 11,207 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 304,189 shares of company stock worth $26,373,239 in the last quarter. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 28th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. HSBC lifted their price target on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Finally, Wolfe Research boosted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $93.78 on Friday. The stock has a market cap of $195.30 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.90 and a beta of 0.76. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The stock’s fifty day moving average is $83.61 and its 200 day moving average is $80.19. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $94.94.

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