HB Wealth Management LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

HB Wealth Management LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,426 shares of the utilities provider's stock after acquiring an additional 5,174 shares during the period. HB Wealth Management LLC's holdings in NextEra Energy were worth $12,218,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets raised their target price 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. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Morgan Stanley cut their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Finally, Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $87.15.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.54 during mid-day trading on Friday, hitting $70.83. 12,662,751 shares of the company were exchanged, compared to its average volume of 7,419,646. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. The business's 50 day simple moving average is $73.50 and its two-hundred day simple moving average is $77.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

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

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

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.