Sepio Capital LP Buys 3,149 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sepio Capital LP increased its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,288 shares of the utilities provider’s stock after acquiring an additional 3,149 shares during the quarter. Sepio Capital LP’s holdings in NextEra Energy were worth $1,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wimmer Associates 1 LLC lifted its position in shares of NextEra Energy by 3.6% in the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC lifted its holdings in NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after buying an additional 139 shares during the period. Baldwin Investment Management LLC boosted its position in NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after acquiring an additional 150 shares in the last quarter. McAdam LLC increased its holdings in shares of NextEra Energy by 5.3% in the 2nd quarter. McAdam LLC now owns 3,134 shares of the utilities provider’s stock valued at $233,000 after acquiring an additional 157 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of NextEra Energy by 0.9% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 18,224 shares of the utilities provider’s stock worth $1,310,000 after acquiring an additional 157 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price objective on NextEra Energy from $79.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 21st. Citigroup started coverage on shares of NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 price target on the stock. Evercore ISI reduced their price objective on shares of NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a research note on Friday, October 20th. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.85.

Read Our Latest Report on NextEra Energy

Insider Activity

In other NextEra Energy news, Director Nicole S. Arnaboldi bought 8,500 shares of NextEra Energy stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $59.59 per share, with a total value of $506,515.00. Following the completion of the acquisition, the director now directly owns 11,523 shares in the company, valued at approximately $686,655.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $55.97 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The stock has a 50-day moving average of $59.83 and a two-hundred day moving average of $61.53. The stock has a market cap of $114.83 billion, a P/E ratio of 15.50, a P/E/G ratio of 2.07 and a beta of 0.52. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Company Profile

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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