Sabal Trust CO Grows Stake in NextEra Energy Inc (NEE)

Sabal Trust CO lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,006 shares of the utilities provider’s stock after purchasing an additional 3,410 shares during the period. Sabal Trust CO’s holdings in NextEra Energy were worth $19,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Covington Capital Management lifted its stake in NextEra Energy by 1.8% in the fourth quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock valued at $14,804,000 after buying an additional 1,483 shares during the period. Kaizen Advisory LLC raised its position in shares of NextEra Energy by 22.5% during the fourth quarter. Kaizen Advisory LLC now owns 1,296 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 238 shares during the period. BLB&B Advisors LLC raised its position in shares of NextEra Energy by 2.1% during the fourth quarter. BLB&B Advisors LLC now owns 25,513 shares of the utilities provider’s stock worth $4,435,000 after purchasing an additional 517 shares during the period. Hexavest Inc. acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $68,255,000. Finally, Rehmann Capital Advisory Group raised its position in shares of NextEra Energy by 2.0% during the third 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. Institutional investors own 77.27% of the company’s stock.

NEE has been the topic of a number of research reports. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Morgan Stanley upped their target price on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a research report on Monday, January 7th. Finally, Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $183.08.

Shares of NextEra Energy stock opened at $190.85 on Monday. NextEra Energy Inc has a 12-month low of $155.06 and a 12-month high of $195.55. The firm has a market cap of $91.01 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.92 and a beta of 0.29. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the company posted $1.25 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that NextEra Energy Inc will post 8.4 EPS for the current year.

In related news, EVP Deborah H. Caplan sold 3,054 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total transaction of $560,409.00. Following the completion of the sale, the executive vice president now owns 22,597 shares in the company, valued at $4,146,549.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 15,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $187.87, for a total value of $2,818,050.00. The disclosure for this sale can be found here. Insiders have sold 173,773 shares of company stock valued at $33,097,211 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

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NextEra Energy Company 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.

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

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