Rhumbline Advisers Has $162.60 Million Stake in NextEra Energy Inc (NEE)

Rhumbline Advisers lifted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 935,433 shares of the utilities provider’s stock after acquiring an additional 35,842 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of NextEra Energy worth $162,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of NEE. Vanguard Group Inc. grew its stake in NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares during the period. Vanguard Group Inc grew its stake in NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares during the period. BlackRock Inc. grew its stake in NextEra Energy by 1.9% in the third quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock valued at $6,161,880,000 after acquiring an additional 692,998 shares during the period. Bank of New York Mellon Corp grew its stake in NextEra Energy by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 4,385,859 shares of the utilities provider’s stock valued at $735,070,000 after acquiring an additional 204,880 shares during the period. Finally, Legal & General Group Plc grew its stake in NextEra Energy by 1.3% in the third quarter. Legal & General Group Plc now owns 2,828,418 shares of the utilities provider’s stock valued at $474,016,000 after acquiring an additional 36,359 shares during the period. Institutional investors own 75.86% of the company’s stock.

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NEE has been the subject of a number of research reports. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Guggenheim reissued a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Royal Bank of Canada raised their price objective on NextEra Energy to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Credit Suisse Group reduced their price objective on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Finally, Argus raised their price objective on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $178.42.

Shares of NYSE:NEE opened at $181.35 on Friday. The company has a market cap of $86.68 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $184.20.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. As a group, research analysts predict that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.

In related news, CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the transaction, the chief executive officer now owns 94,596 shares of the company’s stock, valued at $17,103,902.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total value of $272,368.00. Following the transaction, the director now directly owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,678 shares of company stock worth $13,469,072. 0.55% of the stock is owned by insiders.

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NextEra Energy Company 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.

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