Aberdeen Group plc Purchases 78,180 Shares of NextEra Energy, Inc. $NEE

Aberdeen Group plc increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,600,727 shares of the utilities provider’s stock after purchasing an additional 78,180 shares during the period. Aberdeen Group plc’s holdings in NextEra Energy were worth $198,201,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC boosted its stake in NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after buying an additional 526,996 shares during the last quarter. Norges Bank purchased a new position in NextEra Energy during the 2nd quarter valued at approximately $2,375,545,000. Charles Schwab Investment Management Inc. grew its holdings in NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after buying an additional 340,315 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in NextEra Energy by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after acquiring an additional 408,198 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 304,189 shares of company stock valued at $26,373,239. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Up 2.0%

NYSE NEE opened at $93.78 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $94.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The company has a market capitalization of $195.30 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 2.90 and a beta of 0.76. The company’s 50-day simple moving average is $83.61 and its two-hundred day simple moving average is $80.19.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEE. Barclays increased their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Citigroup reiterated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Wolfe Research boosted their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. BTIG Research restated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Finally, UBS Group set a $91.00 price target on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.95.

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.