Renaissance Investment Group LLC Has $6.93 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Renaissance Investment Group LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,665 shares of the utilities provider's stock after purchasing an additional 5,021 shares during the period. Renaissance Investment Group LLC's holdings in NextEra Energy were worth $6,930,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after buying an additional 225 shares during the last quarter. Burkett Financial Services LLC grew its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $27,000. Quarry LP acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NEE shares. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. 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 research note on Thursday, December 12th. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Eight equities 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 a consensus rating of "Hold" and a consensus price target of $87.15.

NextEra Energy Stock Down 0.8 %

Shares of NEE stock traded down $0.54 on Monday, hitting $70.83. 12,662,751 shares of the stock were exchanged, compared to its average volume of 7,419,646. 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 firm has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business has a 50-day moving average of $73.50 and a 200 day moving average of $77.25.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.