Foundations Investment Advisors LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Foundations Investment Advisors LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 131.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,949 shares of the utilities provider's stock after acquiring an additional 9,632 shares during the quarter. Foundations Investment Advisors LLC's holdings in NextEra Energy were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Nordea Investment Management AB lifted its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after buying an additional 1,525,436 shares during the period. Border to Coast Pensions Partnership Ltd grew its stake in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after buying an additional 26,270 shares during the last quarter. Swiss National Bank raised its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock valued at $515,481,000 after buying an additional 21,400 shares during the last quarter. Czech National Bank grew its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock worth $31,964,000 after acquiring an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after buying an additional 9,425 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm'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 of the company's stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NEE shares. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday. Finally, Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of "Hold" and a consensus target price of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.41 during trading on Wednesday, reaching $70.95. The stock had a trading volume of 9,495,704 shares, compared to its average volume of 12,340,305. The business has a fifty day moving average price of $72.83 and a 200-day moving average price of $77.14. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market cap of $145.90 billion, a PE ratio of 20.99, a PEG ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

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.