Pacer Advisors Inc. Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Pacer Advisors Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,113 shares of the utilities provider's stock after acquiring an additional 57,372 shares during the quarter. Pacer Advisors Inc.'s holdings in NextEra Energy were worth $15,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock valued at $326,388,000 after acquiring an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock valued at $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. 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 last quarter. National Bank of Canada FI raised its holdings in NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock worth $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock worth $575,573,000 after buying an additional 851,873 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $85.85.

NextEra Energy Stock Performance

NYSE NEE traded up $0.35 during trading hours on Friday, hitting $71.65. 10,708,460 shares of the stock were exchanged, compared to its average volume of 11,106,392. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $147.34 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The stock has a 50-day moving average of $72.51 and a 200 day moving average of $77.06.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling at NextEra Energy

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

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.