Spring Capital Management LLC Has $5.67 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Spring Capital Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,035 shares of the utilities provider's stock after buying an additional 6,736 shares during the period. NextEra Energy comprises about 3.4% of Spring Capital Management LLC's investment portfolio, making the stock its 12th largest holding. Spring Capital Management LLC's holdings in NextEra Energy were worth $5,666,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at $27,000. Semmax Financial Advisors Inc. grew its holdings in shares of 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 acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Quarry LP acquired a new position in NextEra Energy during the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NEE. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Morgan Stanley dropped their price target 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. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $87.15.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.54 during mid-day trading on Friday, reaching $70.83. 12,662,751 shares of the company's stock were exchanged, compared to its average volume of 7,419,646. NextEra Energy, Inc. has a one year low of $53.95 and a one 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 business's fifty day simple moving average is $73.50 and its two-hundred day simple moving average is $77.21. The firm has a market capitalization of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58.

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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.