Stewart & Patten Co. LLC Acquires 1,862 Shares of NextEra Energy Inc (NYSE:NEE)

Stewart & Patten Co. LLC raised its holdings in NextEra Energy Inc (NYSE:NEE) by 63.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,786 shares of the utilities provider’s stock after buying an additional 1,862 shares during the quarter. Stewart & Patten Co. LLC’s holdings in NextEra Energy were worth $1,159,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of NextEra Energy by 9.3% during the third quarter. California Public Employees Retirement System now owns 3,757,140 shares of the utilities provider’s stock valued at $875,376,000 after purchasing an additional 319,918 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of NextEra Energy by 41.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock valued at $517,143,000 after purchasing an additional 740,059 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of NextEra Energy by 7.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,283,686 shares of the utilities provider’s stock valued at $532,076,000 after purchasing an additional 149,938 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of NextEra Energy by 2.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,982,461 shares of the utilities provider’s stock valued at $461,894,000 after purchasing an additional 50,062 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of NextEra Energy by 3.6% during the third quarter. Parametric Portfolio Associates LLC now owns 1,759,537 shares of the utilities provider’s stock valued at $409,955,000 after purchasing an additional 61,079 shares in the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.

A number of research analysts have issued reports on the company. Morgan Stanley lowered their price objective on NextEra Energy from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Wells Fargo & Co lifted their price objective on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Guggenheim lifted their price objective on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Goldman Sachs Group cut NextEra Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $236.00 to $256.00 in a research note on Wednesday. Finally, KeyCorp lifted their price objective on NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus target price of $238.69.

NYSE:NEE traded up $0.02 during trading hours on Friday, reaching $252.30. 822,835 shares of the company traded hands, compared to its average volume of 1,661,125. The business’s 50-day moving average price is $239.55 and its two-hundred day moving average price is $226.38. The stock has a market capitalization of $121.08 billion, a P/E ratio of 32.77, a P/E/G ratio of 3.43 and a beta of 0.15. NextEra Energy Inc has a 1 year low of $171.74 and a 1 year high of $252.31. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 0.90.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.12. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. NextEra Energy’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 earnings per share. As a group, equities analysts anticipate that NextEra Energy Inc will post 8.37 EPS for the current year.

In other news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total value of $382,992.00. Following the completion of the transaction, the director now owns 14,897 shares of the company’s stock, valued at $3,565,894.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $234.39, for a total value of $2,343,900.00. 0.48% of the stock is currently owned by corporate insiders.

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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