NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Bennett Associates Wealth Management

Bennett Associates Wealth Management grew its position in NextEra Energy, Inc. (NYSE:NEE) by 54.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,180 shares of the utilities provider’s stock after purchasing an additional 1,467 shares during the period. Bennett Associates Wealth Management’s holdings in NextEra Energy were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Geode Capital Management LLC increased its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. Legal & General Group Plc increased its holdings in NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after buying an additional 143,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after acquiring an additional 86,758 shares in the last quarter. Nordea Investment Management AB grew its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was 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 the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $71.39 on Friday. The stock has a fifty day simple moving average of $73.68 and a 200-day simple moving average of $77.20. 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 stock has a market cap of $146.81 billion, a PE ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Guggenheim boosted their price target 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. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $87.15.

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.