United Capital Management of KS Inc. Takes Position in NextEra Energy Inc (NEE)

United Capital Management of KS Inc. acquired a new stake in shares of NextEra Energy Inc (NYSE:NEE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,336 shares of the utilities provider’s stock, valued at approximately $232,000.

Several other large investors also recently made changes to their positions in NEE. Ceredex Value Advisors LLC boosted its stake in NextEra Energy by 24.4% in the 3rd quarter. Ceredex Value Advisors LLC now owns 631,886 shares of the utilities provider’s stock worth $105,904,000 after purchasing an additional 123,836 shares during the period. Rehmann Capital Advisory Group boosted its stake in NextEra Energy by 2.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock worth $1,866,000 after purchasing an additional 223 shares during the period. WINTON GROUP Ltd boosted its stake in NextEra Energy by 41.4% in the 2nd quarter. WINTON GROUP Ltd now owns 76,899 shares of the utilities provider’s stock worth $12,844,000 after purchasing an additional 22,516 shares during the period. Merit Financial Group LLC boosted its stake in NextEra Energy by 63.4% in the 3rd quarter. Merit Financial Group LLC now owns 3,746 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 1,454 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in NextEra Energy by 34.8% in the 2nd quarter. Hilltop Holdings Inc. now owns 3,650 shares of the utilities provider’s stock worth $610,000 after purchasing an additional 942 shares during the period. Institutional investors own 75.75% of the company’s stock.

NYSE:NEE opened at $175.39 on Friday. NextEra Energy Inc has a fifty-two week low of $145.10 and a fifty-two week high of $184.20. The firm has a market cap of $82.58 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.38 and a beta of 0.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The business’s revenue was down 8.1% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy Inc will post 7.77 EPS for the current year.

In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $180.10, for a total value of $3,553,553.10. Following the sale, the executive vice president now owns 68,245 shares in the company, valued at $12,290,924.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the sale, the director now owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,598 shares of company stock worth $14,306,013. Insiders own 0.55% of the company’s stock.

Several research firms have weighed in on NEE. Credit Suisse Group upped their price target on NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a research note on Monday, December 17th. Barclays upped their price target on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co upped their price objective on NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Finally, Argus increased their price target on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $179.15.

ILLEGAL ACTIVITY WARNING: This piece was reported by WKRB News and is owned by of WKRB News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.wkrb13.com/2019/01/11/united-capital-management-of-ks-inc-takes-position-in-nextera-energy-inc-nee.html.

NextEra Energy Profile

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Recommended Story: Marijuana Stocks Future Looks Bright

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply