Paragon Private Wealth Management LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Paragon Private Wealth Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEEFree Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,020 shares of the utilities provider’s stock after buying an additional 1,058 shares during the period. Paragon Private Wealth Management LLC’s holdings in NextEra Energy were worth $1,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NEE. Motco lifted its stake in NextEra Energy by 3.2% during the fourth quarter. Motco now owns 103,652 shares of the utilities provider’s stock worth $6,296,000 after purchasing an additional 3,231 shares during the last quarter. Brady Family Wealth LLC lifted its position in NextEra Energy by 8.2% in the 4th quarter. Brady Family Wealth LLC now owns 22,120 shares of the utilities provider’s stock worth $1,344,000 after buying an additional 1,671 shares during the last quarter. MainStreet Investment Advisors LLC boosted its stake in NextEra Energy by 1.4% in the fourth quarter. MainStreet Investment Advisors LLC now owns 39,114 shares of the utilities provider’s stock worth $2,376,000 after buying an additional 536 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in NextEra Energy by 18.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 509,443 shares of the utilities provider’s stock valued at $30,944,000 after acquiring an additional 78,846 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $2,561,055,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.4 %

Shares of NYSE NEE traded down $0.32 during midday trading on Friday, hitting $76.09. 9,490,319 shares of the company traded hands, compared to its average volume of 11,925,826. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $77.41. The firm has a market cap of $156.33 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.80 and a beta of 0.50. The stock has a 50-day moving average price of $65.76 and a 200 day moving average price of $60.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEE. Morgan Stanley upped their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price for the company. Mizuho raised their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.64.

Check Out Our Latest Research Report on NEE

NextEra Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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