AGF Management Ltd. Sells 49,829 Shares of NextEra Energy, Inc. $NEE

AGF Management Ltd. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 27.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,865 shares of the utilities provider’s stock after selling 49,829 shares during the quarter. AGF Management Ltd.’s holdings in NextEra Energy were worth $9,804,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service grew its stake in NextEra Energy by 1.3% during the 3rd quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after purchasing an additional 60,324 shares during the last quarter. Synergy Asset Management LLC lifted its holdings in shares of NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 16,322 shares during the period. Daymark Wealth Partners LLC boosted its position in NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in NextEra Energy by 61.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock worth $4,604,000 after buying an additional 23,288 shares during the period. Finally, Hunter Perkins Capital Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth approximately $3,966,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Argus set a $92.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price objective on shares of NextEra Energy in a report on Wednesday, January 14th. The Goldman Sachs Group upped their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group set a $91.00 target price on NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.95.

NextEra Energy Stock Down 1.6%

NEE stock opened at $86.51 on Tuesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $89.19. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $82.57 and a 200-day simple moving average of $79.16. The stock has a market capitalization of $180.16 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.72 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ronald R. Reagan sold 10,826 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total transaction of $920,210.00. Following the sale, the executive vice president directly owned 15,643 shares of the company’s stock, valued at approximately $1,329,655. This represents a 40.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is owned by corporate insiders.

NextEra Energy 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.