NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by CX Institutional

CX Institutional boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,112 shares of the utilities provider’s stock after buying an additional 1,421 shares during the quarter. CX Institutional’s holdings in NextEra Energy were worth $725,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NEE. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% in the 4th 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 in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the 4th quarter worth $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 5.3 %

NextEra Energy stock opened at $72.91 on Friday. The stock has a market cap of $149.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. 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’s 50-day moving average price is $73.02 and its two-hundred day moving average price is $77.12. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 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, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Scotiabank upped their price objective on 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 report on Tuesday, October 22nd. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. 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 currently has a consensus rating of “Hold” and a consensus price target of $87.15.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.