HighTower Advisors LLC increased its stake in NextEra Energy (NYSE:NEE) by 1.9% in the third quarter, acquiring an additional 45,264 shares, bringing its total holdings to 2,444,191 shares valued at approximately $184.5 million. The utilities provider’s stock is largely held by institutional investors (78.72%), and it currently holds a “Moderate Buy” rating with an average target price of $92.95 from Wall Street analysts. Despite slightly beating EPS estimates, NextEra Energy missed revenue expectations in its latest quarterly report, and company insiders sold a significant number of shares totaling about $26.4 million.
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HighTower Advisors LLC Purchases 45,264 Shares of NextEra Energy, Inc. $NEE
HighTower Advisors LLC increased its stake in NextEra Energy (NYSE:NEE) by 1.9% in the third quarter, acquiring an additional 45,264 shares, bringing its total holdings to 2,444,191 shares valued at approximately $184.5 million. The utilities provider’s stock is largely held by institutional investors (78.72%), and it currently holds a “Moderate Buy” rating with an average target price of $92.95 from Wall Street analysts. Despite slightly beating EPS estimates, NextEra Energy missed revenue expectations in its latest quarterly report, and company insiders sold a significant number of shares totaling about $26.4 million.