Ibex Wealth Advisors Purchases 99,326 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ibex Wealth Advisors grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1,408.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,376 shares of the utilities provider's stock after acquiring an additional 99,326 shares during the period. NextEra Energy accounts for 0.9% of Ibex Wealth Advisors' holdings, making the stock its 29th biggest holding. Ibex Wealth Advisors' holdings in NextEra Energy were worth $7,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC lifted its position 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 valued at $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $0.41 during midday trading on Wednesday, reaching $70.95. The company had a trading volume of 9,495,704 shares, compared to its average volume of 12,340,305. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market capitalization of $145.90 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.29 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 stock has a fifty day simple moving average of $72.83 and a 200 day simple moving average of $77.14.

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

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company's 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 completion of the sale, the executive vice president now owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.85.

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.