Frazier Financial Advisors LLC Invests $175,000 in NextEra Energy, Inc. (NYSE:NEE)

Frazier Financial Advisors LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,880 shares of the utilities provider’s stock, valued at approximately $175,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy during the 4th quarter valued at $29,000. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the period. Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $34,000. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $34,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho boosted their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. One 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 MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $72.64.

NextEra Energy Trading Down 0.8 %

Shares of NYSE NEE traded down $0.62 during mid-day trading on Wednesday, reaching $76.33. The company had a trading volume of 8,773,231 shares, compared to its average volume of 11,709,159. The stock has a market cap of $156.82 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $77.41. The business’s 50-day moving average is $66.52 and its 200-day moving average is $61.23. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

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

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.