UNIVEST FINANCIAL Corp Boosts Stock Position in NextEra Energy, Inc. $NEE

UNIVEST FINANCIAL Corp lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 358,259 shares of the utilities provider’s stock after purchasing an additional 8,538 shares during the quarter. NextEra Energy comprises about 1.5% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 12th largest holding. UNIVEST FINANCIAL Corp’s holdings in NextEra Energy were worth $27,045,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after buying an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after buying an additional 852 shares during the period. Finally, Sheets Smith Wealth Management lifted its holdings in NextEra Energy by 3.0% in the second quarter. Sheets Smith Wealth Management now owns 7,568 shares of the utilities provider’s stock valued at $525,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 1.5%

Shares of NEE stock opened at $85.09 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a 50 day moving average price of $82.23 and a 200 day moving average price of $78.49. The stock has a market capitalization of $177.21 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 2.60 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NEE. Citigroup reissued a “buy” rating and set a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. HSBC raised their price objective on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Argus set a $90.00 target price on shares of NextEra Energy in a research note on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target on shares of NextEra Energy in a research report on Wednesday. Finally, Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.94.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.