KAMES CAPITAL plc Purchases Shares of 135,611 NextEra Energy Inc (NEE)

KAMES CAPITAL plc purchased a new stake in NextEra Energy Inc (NYSE:NEE) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 135,611 shares of the utilities provider’s stock, valued at approximately $21,184,000.

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

In related news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction 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 sale, the chief executive officer now directly 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.

A number of brokerages have recently commented on NEE. Morgan Stanley raised their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Argus reissued a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, JPMorgan Chase & Co. set a $169.00 target price on shares of NextEra Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus target price of $159.56.

Shares of NextEra Energy Inc (NYSE:NEE) traded down $0.09 during mid-day trading on Friday, hitting $150.50. 1,887,600 shares of the stock were exchanged, compared to its average volume of 2,127,075. NextEra Energy Inc has a fifty-two week low of $117.88 and a fifty-two week high of $159.40. The stock has a market cap of $70,860.00, a P/E ratio of 16.91, a PEG ratio of 2.80 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.

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

ILLEGAL ACTIVITY NOTICE: “KAMES CAPITAL plc Purchases Shares of 135,611 NextEra Energy Inc (NEE)” was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2018/01/12/kames-capital-plc-purchases-shares-of-135611-nextera-energy-inc-nee.html.

About NextEra Energy

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.

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.

Latest News

Leave a Reply