Brentview Investment Management LLC Invests $3.76 Million in NextEra Energy, Inc. (NYSE:NEE)

Brentview Investment Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 52,459 shares of the utilities provider's stock, valued at approximately $3,761,000. NextEra Energy accounts for about 2.1% of Brentview Investment Management LLC's holdings, making the stock its 21st biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC raised its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP bought a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 1.0 %

NextEra Energy stock traded down $0.73 during midday trading on Wednesday, reaching $69.17. The stock had a trading volume of 9,024,461 shares, compared to its average volume of 11,747,972. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $142.24 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a fifty day moving average of $72.25 and a 200 day moving average of $77.13.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $85.85.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.