Palo Capital Inc. Has $4.61 Million Stake in NextEra Energy Inc (NEE)

Palo Capital Inc. grew its holdings in NextEra Energy Inc (NYSE:NEE) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,522 shares of the utilities provider’s stock after buying an additional 2,920 shares during the quarter. NextEra Energy makes up 2.1% of Palo Capital Inc.’s portfolio, making the stock its 8th largest position. Palo Capital Inc.’s holdings in NextEra Energy were worth $4,611,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NEE. Chevy Chase Trust Holdings Inc. boosted its holdings in NextEra Energy by 1.5% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 715,780 shares of the utilities provider’s stock valued at $111,796,000 after acquiring an additional 10,574 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in NextEra Energy by 12.9% in the fourth quarter. Oakworth Capital Inc. now owns 3,152 shares of the utilities provider’s stock valued at $498,000 after acquiring an additional 361 shares during the last quarter. Personal Capital Advisors Corp bought a new position in NextEra Energy in the fourth quarter valued at about $13,295,000. Catawba Capital Management VA bought a new position in NextEra Energy in the fourth quarter valued at about $203,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new position in NextEra Energy in the fourth quarter valued at about $3,904,000. Institutional investors own 75.46% of the company’s stock.

In other news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, 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) traded down $0.62 during trading hours on Monday, hitting $150.16. The stock had a trading volume of 2,246,900 shares, compared to its average volume of 2,080,123. NextEra Energy Inc has a fifty-two week low of $117.91 and a fifty-two week high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The company has a market cap of $71,050.00, a PE ratio of 16.87, a PEG ratio of 2.74 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business posted $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current year.

NEE has been the topic of several recent research reports. Morgan Stanley raised their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Argus reiterated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. set a $169.00 price target on NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target 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.

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

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