NextEra Energy (NEE) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC cut its stake in NextEra Energy (NYSE:NEE) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,688 shares of the utilities provider’s stock after selling 2,900 shares during the quarter. NextEra Energy makes up 1.2% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 8th biggest holding. Alpine Woods Capital Investors LLC’s holdings in NextEra Energy were worth $22,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden increased its stake in shares of NextEra Energy by 379.6% in the first quarter. Forsta AP Fonden now owns 214,785 shares of the utilities provider’s stock worth $35,081,000 after acquiring an additional 170,000 shares during the last quarter. Korea Investment CORP increased its stake in shares of NextEra Energy by 1.5% in the first quarter. Korea Investment CORP now owns 570,910 shares of the utilities provider’s stock worth $93,247,000 after acquiring an additional 8,713 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of NextEra Energy by 4.4% in the first quarter. Venturi Wealth Management LLC now owns 25,432 shares of the utilities provider’s stock worth $4,154,000 after acquiring an additional 1,068 shares during the last quarter. Usca Ria LLC increased its stake in shares of NextEra Energy by 5.1% in the first quarter. Usca Ria LLC now owns 18,573 shares of the utilities provider’s stock worth $3,034,000 after acquiring an additional 907 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of NextEra Energy by 55.0% in the first quarter. Teacher Retirement System of Texas now owns 531,479 shares of the utilities provider’s stock worth $86,806,000 after acquiring an additional 188,504 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:NEE opened at $156.42 on Friday. The firm has a market capitalization of $74.79 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.34 and a beta of 0.23. NextEra Energy has a 1 year low of $157.17 and a 1 year high of $159.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.16. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.15 billion. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. NextEra Energy’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. equities analysts anticipate that NextEra Energy will post 7.74 EPS for the current year.

In other NextEra Energy news, EVP Miguel Arechabala sold 5,093 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric E. Silagy sold 11,114 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the sale, the director now owns 25,898 shares of the company’s stock, valued at $4,164,916.36. The disclosure for this sale can be found here. Insiders sold 61,265 shares of company stock valued at $9,726,667 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.

NEE has been the topic of a number of research reports. KeyCorp upped their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Morgan Stanley dropped their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 8th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. JPMorgan Chase upped their price target on shares of NextEra Energy from $167.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. Finally, UBS started coverage on shares of NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $168.92.

About NextEra Energy

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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