NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Howland Capital Management LLC

Howland Capital Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 59.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,974 shares of the utilities provider’s stock after purchasing an additional 2,965 shares during the quarter. Howland Capital Management LLC’s holdings in NextEra Energy were worth $572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. LVW Advisors LLC purchased a new position in NextEra Energy in the 3rd quarter worth $205,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of NextEra Energy by 351.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 16,297 shares of the utilities provider’s stock valued at $1,377,000 after purchasing an additional 12,691 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of NextEra Energy by 6.2% in the third quarter. Valeo Financial Advisors LLC now owns 27,733 shares of the utilities provider’s stock worth $2,344,000 after purchasing an additional 1,618 shares during the last quarter. Silverlake Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth about $290,000. Finally, Ritholtz Wealth Management boosted its position in NextEra Energy by 11.8% in the third quarter. Ritholtz Wealth Management now owns 29,553 shares of the utilities provider’s stock valued at $2,498,000 after buying an additional 3,126 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.5 %

Shares of NEE opened at $68.24 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market cap of $140.33 billion, a P/E ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58. The stock’s 50 day moving average is $71.66 and its two-hundred day moving average is $77.02. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly 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 28.06% and a return on equity of 11.85%. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NEE. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average target price of $85.85.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.