Sumitomo Life Insurance Co. Acquires 963 Shares of NextEra Energy Inc (NYSE:NEE)

Sumitomo Life Insurance Co. increased its holdings in NextEra Energy Inc (NYSE:NEE) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,739 shares of the utilities provider’s stock after purchasing an additional 963 shares during the period. Sumitomo Life Insurance Co.’s holdings in NextEra Energy were worth $4,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Johanson Financial Advisors Inc. lifted its position in shares of NextEra Energy by 27,610.4% during the 4th quarter. Johanson Financial Advisors Inc. now owns 653,965 shares of the utilities provider’s stock valued at $2,698,000 after buying an additional 651,605 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of NextEra Energy by 9.3% in 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 during the period. Pictet Asset Management Ltd. increased its holdings in shares of NextEra Energy by 7.0% in 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 during the period. Macquarie Group Ltd. increased its holdings in shares of NextEra Energy by 43.5% in the second quarter. Macquarie Group Ltd. now owns 438,765 shares of the utilities provider’s stock valued at $89,886,000 after purchasing an additional 132,924 shares during the period. Finally, State of Tennessee Treasury Department increased its holdings in shares of NextEra Energy by 29.6% in the third quarter. State of Tennessee Treasury Department now owns 511,174 shares of the utilities provider’s stock valued at $119,098,000 after purchasing an additional 116,649 shares during the period. Institutional investors own 77.19% of the company’s stock.

NEE stock traded up $2.65 on Friday, reaching $262.73. 134,919 shares of the company’s stock were exchanged, compared to its average volume of 1,531,140. The stock has a fifty day moving average of $242.64 and a 200-day moving average of $228.10. NextEra Energy Inc has a twelve month low of $171.74 and a twelve month high of $262.75. The firm has a market cap of $127.03 billion, a PE ratio of 39.32, a P/E/G ratio of 3.54 and a beta of 0.15. The company has a quick ratio of 0.47, a current ratio of 0.58 and a debt-to-equity ratio of 0.90.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.09). NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. During the same period last year, the business posted $1.49 EPS. On average, equities research analysts predict that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the company. Guggenheim boosted their target price on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Mizuho boosted their target price on NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a report on Friday, December 13th. Goldman Sachs Group lowered NextEra Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $236.00 to $256.00 in a report on Wednesday, January 15th. ValuEngine lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, KeyCorp upped their price objective on NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $239.79.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total transaction of $382,992.00. Following the sale, the director now directly owns 14,897 shares in the company, valued at $3,565,894.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 10,000 shares of the business’s stock in a transaction on 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 insiders.

NextEra Energy Profile

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.

See Also: Resistance Level

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.