Cordatus Wealth Management LLC Buys Shares of 31,848 NextEra Energy, Inc. (NYSE:NEE)

Cordatus Wealth Management LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 31,848 shares of the utilities provider’s stock, valued at approximately $2,501,000. NextEra Energy accounts for about 1.9% of Cordatus Wealth Management LLC’s portfolio, making the stock its 19th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Camden National Bank grew its holdings in NextEra Energy by 303.2% during the 4th quarter. Camden National Bank now owns 89,975 shares of the utilities provider’s stock worth $6,941,000 after acquiring an additional 67,659 shares in the last quarter. Eagle Capital Management LLC increased its holdings in shares of NextEra Energy by 3.9% in the 2nd quarter. Eagle Capital Management LLC now owns 49,696 shares of the utilities provider’s stock valued at $3,642,000 after purchasing an additional 1,852 shares in the last quarter. Meitav Dash Investments Ltd. increased its holdings in shares of NextEra Energy by 1.1% in the 2nd quarter. Meitav Dash Investments Ltd. now owns 466,386 shares of the utilities provider’s stock valued at $34,177,000 after purchasing an additional 5,300 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of NextEra Energy by 12.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 362,802 shares of the utilities provider’s stock valued at $26,586,000 after purchasing an additional 40,998 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in NextEra Energy by 15.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 45,874 shares of the utilities provider’s stock valued at $3,362,000 after acquiring an additional 5,988 shares during the last quarter. Institutional investors own 75.02% of the company’s stock.

Several equities research analysts have issued reports on NEE shares. BMO Capital Markets raised their price target on shares of NextEra Energy from $89.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 8th. Seaport Res Ptn restated a “buy” rating on shares of NextEra Energy in a report on Tuesday, October 19th. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, January 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Buy” and an average target price of $88.71.

In other news, CEO Eric E. Silagy sold 62,480 shares of the company’s stock in a transaction that occurred on Wednesday, December 1st. The stock was sold at an average price of $87.00, for a total transaction of $5,435,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald R. Reagan sold 4,545 shares of the company’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $88.00, for a total value of $399,960.00. The disclosure for this sale can be found here. In the last three months, insiders sold 101,448 shares of company stock valued at $8,870,498. 0.38% of the stock is currently owned by company insiders.

NextEra Energy stock traded down $1.64 during midday trading on Friday, hitting $83.26. The company’s stock had a trading volume of 194,143 shares, compared to its average volume of 9,160,438. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.08. The stock’s 50-day moving average price is $88.59 and its 200-day moving average price is $83.59. NextEra Energy, Inc. has a 12 month low of $68.33 and a 12 month high of $93.73. The company has a market capitalization of $163.37 billion, a PE ratio of 70.75, a price-to-earnings-growth ratio of 3.45 and a beta of 0.30.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. NextEra Energy had a return on equity of 11.07% and a net margin of 14.40%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 2.53 EPS for the current year.

NextEra Energy Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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

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