Cove Private Wealth LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,594 shares of the utilities provider's stock, valued at approximately $544,000.
Other large investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% in the fourth 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 acquired a new stake in shares of NextEra Energy in the third quarter valued at about $27,000. Quarry LP purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 78.72% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NEE. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $87.15.
Check Out Our Latest Stock Report on NEE
NextEra Energy Stock Performance
Shares of NYSE:NEE traded down $0.54 during trading on Monday, hitting $70.83. 12,662,751 shares of the company traded hands, compared to its average volume of 7,419,646. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business's fifty day moving average is $73.50 and its 200-day moving average is $77.25. The stock has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.
NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.
NextEra Energy Company Profile
(
Free Report)
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.
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