Saxon Interests Inc. Acquires 871 Shares of NextEra Energy, Inc. (NYSE:NEE)

Saxon Interests Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 24.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,452 shares of the utilities provider’s stock after acquiring an additional 871 shares during the quarter. Saxon Interests Inc.’s holdings in NextEra Energy were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its position 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 valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the third quarter valued at $27,000. Quarry LP bought a new position in NextEra Energy in the third quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

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

NextEra Energy Stock Performance

NEE stock opened at $71.81 on Friday. The firm has a market cap of $147.68 billion, a PE ratio of 21.22, a P/E/G ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year 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 business’s 50-day moving average price is $73.68 and its two-hundred day moving average price is $77.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. Morgan Stanley lowered 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 note on Friday, November 22nd. Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Scotiabank lifted 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. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $87.15.

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.