Compagnie Lombard Odier SCmA Buys 481,143 Shares of NextEra Energy, Inc. $NEE

Compagnie Lombard Odier SCmA raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 90.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,012,244 shares of the utilities provider’s stock after purchasing an additional 481,143 shares during the period. NextEra Energy accounts for approximately 0.8% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 25th largest holding. Compagnie Lombard Odier SCmA’s holdings in NextEra Energy were worth $76,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management grew its position in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the second quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth approximately $25,000. Finally, Quaker Wealth Management LLC raised its holdings in NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was 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 directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 204,586 shares of company stock valued at $17,474,707. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 0.0%

NEE stock opened at $89.49 on Tuesday. The business has a 50 day moving average of $82.97 and a 200 day moving average of $79.67. The firm has a market cap of $186.37 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $90.99. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEE shares. 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. The Goldman Sachs Group raised their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a report on Thursday, January 29th. HSBC upped their price objective on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

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.