NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,393 shares of the utilities provider's stock after purchasing an additional 12,216 shares during the period. Ameritas Advisory Services LLC's holdings in NextEra Energy were worth $3,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% in the second 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 during the period. Burkett Financial Services LLC grew 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 valued at $26,000 after purchasing an additional 332 shares during the period. Quarry LP purchased a new stake in shares of NextEra Energy in the third quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy in the third quarter valued at $39,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.8 %

Shares of NYSE NEE traded down $0.54 during midday trading on Monday, 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 52-week low of $53.95 and a 52-week high of $86.10. The stock 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. 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 moving average price is $73.50 and its two-hundred day moving average price is $77.25.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEE. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Finally, Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.15.

Insider Activity at NextEra Energy

In related 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 value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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.