ARS Investment Partners LLC Buys 1,384 Shares of NextEra Energy, Inc. (NYSE:NEE)

ARS Investment Partners LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 35.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,258 shares of the utilities provider’s stock after purchasing an additional 1,384 shares during the quarter. ARS Investment Partners LLC’s holdings in NextEra Energy were worth $377,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its holdings in NextEra Energy by 15.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 128,789 shares of the utilities provider’s stock valued at $9,233,000 after acquiring an additional 16,942 shares during the period. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at $28,000. Mitchell & Pahl Private Wealth LLC boosted its holdings in NextEra Energy by 2.6% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 37,881 shares of the utilities provider’s stock valued at $2,716,000 after acquiring an additional 949 shares during the period. Ballentine Partners LLC boosted its holdings in NextEra Energy by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 45,184 shares of the utilities provider’s stock valued at $3,239,000 after acquiring an additional 1,092 shares during the period. Finally, Tudor Financial Inc. boosted its holdings in NextEra Energy by 8.0% during the 4th quarter. Tudor Financial Inc. now owns 9,483 shares of the utilities provider’s stock valued at $680,000 after acquiring an additional 704 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. 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. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 0.8 %

Shares of NEE stock opened at $70.83 on Tuesday. The stock’s 50-day simple moving average is $73.50 and its 200-day simple moving average is $77.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market capitalization of $145.66 billion, a PE ratio of 20.96, a P/E/G ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

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

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy 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.