Cvfg LLC Buys New Stake in NextEra Energy, Inc. (NYSE:NEE)

Cvfg LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,114 shares of the utilities provider's stock, valued at approximately $797,000.

A number of other large investors also recently bought and sold shares of the business. Edgestream Partners L.P. lifted its stake in NextEra Energy by 485.1% in the 2nd quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider's stock valued at $1,301,000 after buying an additional 15,233 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in shares of NextEra Energy during the second quarter valued at approximately $329,000. Mercer Global Advisors Inc. ADV lifted its position in shares of NextEra Energy by 3.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 260,770 shares of the utilities provider's stock valued at $18,465,000 after acquiring an additional 7,828 shares in the last quarter. Waterloo Capital L.P. boosted its stake in shares of NextEra Energy by 10.3% in the second quarter. Waterloo Capital L.P. now owns 13,401 shares of the utilities provider's stock worth $949,000 after acquiring an additional 1,254 shares during the last quarter. Finally, Somerset Group LLC increased its position in shares of NextEra Energy by 0.3% during the second quarter. Somerset Group LLC now owns 52,184 shares of the utilities provider's stock worth $3,695,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Down 0.8 %

NextEra Energy stock traded down $0.54 during trading on Friday, hitting $70.83. The company had a trading volume of 12,662,751 shares, compared to its average volume of 10,433,223. The stock has a market cap of $145.66 billion, a price-to-earnings 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. The company's 50 day simple moving average is $73.62 and its 200-day simple moving average is $77.16. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on NEE shares. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Guggenheim boosted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Hold" and an average target price of $87.15.

About NextEra Energy

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.