Shepherd Financial Partners LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Shepherd Financial Partners LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,380 shares of the utilities provider’s stock after purchasing an additional 293 shares during the period. Shepherd Financial Partners LLC’s holdings in NextEra Energy were worth $2,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Burkett Financial Services LLC raised its position in NextEra Energy by 1,229.6% in the fourth 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 position in NextEra Energy in the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth $28,000. Quarry LP purchased a new position in NextEra Energy during the third quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.5 %

Shares of NextEra Energy stock opened at $68.24 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. 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 business has a 50-day moving average price of $71.87 and a 200-day moving average price of $77.02. The firm has a market cap of $140.33 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NEE shares. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. 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, January 23rd. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.85.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

About NextEra Energy

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.