InTrack Investment Management Inc Buys 7,668 Shares of NextEra Energy, Inc. (NYSE:NEE)

InTrack Investment Management Inc raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 95.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,678 shares of the utilities provider's stock after purchasing an additional 7,668 shares during the quarter. InTrack Investment Management Inc's holdings in NextEra Energy were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Semmax Financial Advisors Inc. lifted its stake in 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 purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its holdings in shares of 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 buying an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter valued at $27,000. Quarry LP acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the 3rd quarter worth $39,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.8 %

NYSE NEE traded down $0.54 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 current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market cap of $145.66 billion, a PE ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. The stock has a fifty day moving average of $73.50 and a 200-day moving average of $77.21.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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. The company had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NEE shares. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Morgan Stanley cut their target price 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. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. 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. Finally, Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has a consensus rating of "Hold" and a consensus target price of $87.15.

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.