The NextEra Energy Inc. (NEE) Stake Reduced by Narwhal Capital Management

The NextEra Energy Inc. (NEE) Stake Reduced by Narwhal Capital Management

Narwhal Capital Management reduced its position in NextEra Energy Inc. (NYSE:NEE) by 21.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,250 shares of the company’s stock after selling 2,000 shares during the period. Narwhal Capital Management’s holdings in NextEra Energy were worth $887,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its position in NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock worth $212,000 after buying an additional 7 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in NextEra Energy by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 3,013 shares of the company’s stock worth $393,000 after buying an additional 20 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its position in NextEra Energy by 0.5% in the second quarter. Beacon Investment Advisory Services Inc. now owns 4,162 shares of the company’s stock worth $543,000 after buying an additional 22 shares in the last quarter. Enterprise Financial Services Corp raised its position in NextEra Energy by 0.7% in the third quarter. Enterprise Financial Services Corp now owns 4,718 shares of the company’s stock worth $577,000 after buying an additional 31 shares in the last quarter. Finally, Pointe Capital Management LLC raised its position in NextEra Energy by 0.8% in the second quarter. Pointe Capital Management LLC now owns 4,359 shares of the company’s stock worth $568,000 after buying an additional 35 shares in the last quarter. 72.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.02% on Friday, reaching $119.26. 1,276,496 shares of the company traded hands. The stock has a 50 day moving average of $117.71 and a 200 day moving average of $122.67. NextEra Energy Inc. has a 52-week low of $103.35 and a 52-week high of $131.98. The stock has a market cap of $55.73 billion, a price-to-earnings ratio of 22.54 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.07. The company earned $4.81 billion during the quarter, compared to analysts’ expectations of $4.87 billion. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. During the same quarter in the prior year, the company earned $1.60 earnings per share. On average, analysts expect that NextEra Energy Inc. will post $6.22 earnings per share for the current year.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Thursday, December 8th. Mizuho reiterated a “buy” rating and issued a $138.00 target price on shares of NextEra Energy in a research report on Friday, October 7th. RBC Capital Markets reiterated a “buy” rating and issued a $142.00 target price on shares of NextEra Energy in a research report on Wednesday, January 4th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $149.00 target price on shares of NextEra Energy in a research report on Tuesday, September 27th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $130.36.

In other NextEra Energy news, Director Amy B. Lane bought 1,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average price of $122.90 per share, for a total transaction of $122,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Skolds bought 800 shares of NextEra Energy stock in a transaction that occurred on Monday, December 5th. The shares were acquired at an average price of $114.96 per share, with a total value of $91,968.00. Following the acquisition, the director now directly owns 7,144 shares of the company’s stock, valued at approximately $821,274.24. The disclosure for this purchase can be found here. 0.66% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

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