The NextEra Energy, Inc. (NEE) is Cullen Capital Management LLC’s 3rd Largest Position, Report finds

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Evercore Wealth Management LLC raised its position in NextEra Energy by 3.1% in the second quarter. Evercore Wealth Management LLC now owns 16,873 shares of the company’s stock valued at $2,200,000 after buying an additional 500 shares in the last quarter. California State Teachers Retirement System raised its position in NextEra Energy by 3.6% in the second quarter. California State Teachers Retirement System now owns 1,005,484 shares of the company’s stock valued at $131,115,000 after buying an additional 35,204 shares in the last quarter. Badgley Phelps & Bell Inc. raised its position in NextEra Energy by 2.5% in the second quarter. Badgley Phelps & Bell Inc. now owns 86,814 shares of the company’s stock valued at $11,321,000 after buying an additional 2,124 shares in the last quarter. BB&T Corp raised its position in NextEra Energy by 42.3% in the second quarter. BB&T Corp now owns 29,668 shares of the company’s stock valued at $3,869,000 after buying an additional 8,826 shares in the last quarter. Finally, 1ST Source Bank raised its position in NextEra Energy by 3.2% in the second quarter. 1ST Source Bank now owns 7,925 shares of the company’s stock valued at $1,033,000 after buying an additional 248 shares in the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.

Cullen Capital Management LLC maintained its position in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, Holdings Channel reports. The firm owned 798,050 shares of the company’s stock at the end of the third quarter. NextEra Energy accounts for about 3.3% of Cullen Capital Management LLC’s portfolio, making the stock its 3rd largest position. Cullen Capital Management LLC’s holdings in NextEra Energy were worth $97,617,000 at the end of the most recent quarter.

NextEra Energy, Inc. (NYSE:NEE) opened at 125.47 on Monday. The firm has a market capitalization of $58.85 billion, a P/E ratio of 20.08 and a beta of 0.23. NextEra Energy, Inc. has a 12 month low of $109.34 and a 12 month high of $131.98. The stock’s 50 day moving average price is $120.72 and its 200-day moving average price is $121.73.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 27th. The company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.10. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The business had revenue of $3.70 billion for the quarter. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post $6.63 earnings per share for the current year.

Several research firms have recently commented on NEE. RBC Capital Markets reiterated a “buy” rating and set a $143.00 price target on shares of NextEra Energy in a report on Tuesday, February 7th. Deutsche Bank AG raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Finally, Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Thursday, December 8th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $131.08.

In other NextEra Energy news, Director John L. Skolds bought 800 shares of NextEra Energy stock in a transaction that occurred on Monday, December 5th. The shares were purchased at an average cost of $114.96 per share, for a total transaction of $91,968.00. Following the completion of the transaction, the director now owns 7,144 shares of the company’s stock, valued at approximately $821,274.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $122.60, for a total value of $3,678,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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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