Synergy Asset Management LLC Buys 5,666 Shares of NextEra Energy, Inc. (NYSE:NEE)

Synergy Asset Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 98.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,415 shares of the utilities provider's stock after acquiring an additional 5,666 shares during the quarter. Synergy Asset Management LLC's holdings in NextEra Energy were worth $892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Burkett Financial Services LLC raised 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 buying an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in NextEra Energy in the third quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at about $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on NEE shares. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of "Hold" and an average target price of $85.85.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.42 during trading on Thursday, reaching $71.31. 8,623,108 shares of the company's stock traded hands, compared to its average volume of 12,144,728. The stock has a market capitalization of $146.64 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.29 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 company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a 50 day moving average of $72.72 and a 200-day moving average of $77.10.

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

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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.