Gemmer Asset Management LLC Invests $400,000 in NextEra Energy, Inc. (NYSE:NEE)

Gemmer Asset Management LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,578 shares of the utilities provider's stock, valued at approximately $400,000.

A number of other large investors also recently modified their holdings of NEE. LaFleur & Godfrey LLC boosted its position in shares of NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after purchasing an additional 400 shares in the last quarter. Cove Private Wealth LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $544,000. FLC Capital Advisors boosted its holdings in NextEra Energy by 30.2% during the fourth quarter. FLC Capital Advisors now owns 17,087 shares of the utilities provider's stock worth $1,225,000 after buying an additional 3,967 shares in the last quarter. Bridgewater Advisors Inc. grew its position in NextEra Energy by 11.9% in the fourth quarter. Bridgewater Advisors Inc. now owns 14,939 shares of the utilities provider's stock worth $1,016,000 after buying an additional 1,590 shares during the last quarter. Finally, Community Bank of Raymore increased its holdings in shares of NextEra Energy by 22.1% in the fourth quarter. Community Bank of Raymore now owns 9,015 shares of the utilities provider's stock valued at $646,000 after buying an additional 1,630 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Trading Down 0.8 %

Shares of NEE traded down $0.54 on Monday, reaching $70.83. 12,662,751 shares of the company's stock were exchanged, compared to its average volume of 7,419,646. The business has a 50 day moving average price of $73.50 and a two-hundred day moving average price of $77.25. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $87.15.

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,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.