Axa Acquires 19,060 Shares of NextEra Energy Inc (NYSE:NEE)

AXA raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,033 shares of the utilities provider’s stock after purchasing an additional 19,060 shares during the period. AXA owned approximately 0.08% of NextEra Energy worth $56,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after purchasing an additional 217,972 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. FMR LLC grew its stake in shares of NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after purchasing an additional 87,224 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after purchasing an additional 777,351 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of NextEra Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock worth $406,375,000 after purchasing an additional 76,379 shares during the last quarter. Institutional investors and hedge funds own 75.39% of the company’s stock.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NYSE:NEE) opened at $150.32 on Friday. NextEra Energy Inc has a 1-year low of $117.88 and a 1-year high of $159.40. The stock has a market cap of $70,710.00, a P/E ratio of 16.89, a PEG ratio of 2.80 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. sell-side analysts predict that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.

Several research firms recently issued reports on NEE. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Friday. Guggenheim restated a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a report on Wednesday, January 3rd. Morgan Stanley raised their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Credit Suisse Group assumed coverage on shares of NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Finally, Argus restated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $159.56.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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