Klingenstein Fields & Co. LLC Has $853,000 Position in NextEra Energy Inc (NEE)

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Klingenstein Fields & Co. LLC lessened its stake in shares of NextEra Energy Inc (NYSE:NEE) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,907 shares of the utilities provider’s stock after selling 196 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in NextEra Energy were worth $853,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Financial Advisors Inc. lifted its position in shares of NextEra Energy by 8.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 794 shares of the utilities provider’s stock worth $138,000 after buying an additional 64 shares during the period. Cornerstone Advisors Inc. lifted its position in shares of NextEra Energy by 7.4% during the 4th quarter. Cornerstone Advisors Inc. now owns 960 shares of the utilities provider’s stock worth $167,000 after buying an additional 66 shares during the period. CX Institutional lifted its position in shares of NextEra Energy by 12.3% during the 4th quarter. CX Institutional now owns 641 shares of the utilities provider’s stock worth $111,000 after buying an additional 70 shares during the period. Indiana Trust & Investment Management CO lifted its position in shares of NextEra Energy by 1.5% during the 4th quarter. Indiana Trust & Investment Management CO now owns 5,843 shares of the utilities provider’s stock worth $1,016,000 after buying an additional 85 shares during the period. Finally, Thomasville National Bank lifted its position in shares of NextEra Energy by 1.2% during the 4th quarter. Thomasville National Bank now owns 7,337 shares of the utilities provider’s stock worth $1,275,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 75.87% of the company’s stock.

Several equities analysts recently commented on NEE shares. Wells Fargo & Co raised their target price on NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 10th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research report on Friday, October 12th. Credit Suisse Group cut their target price on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Argus lifted their price objective on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Royal Bank of Canada lifted their price objective on NextEra Energy to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $179.15.

In other news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the sale, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $3,421,623. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of NextEra Energy stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total value of $836,941.20. Following the completion of the sale, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at $10,201,326.59. The disclosure for this sale can be found here. Insiders sold a total of 79,598 shares of company stock valued at $14,306,013 over the last three months. Insiders own 0.55% of the company’s stock.

Shares of NEE opened at $177.38 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 52-week low of $145.10 and a 52-week high of $184.20. The firm has a market capitalization of $84.16 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 2.43 and a beta of 0.22.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the company posted $1.85 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current year.

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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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