NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Luts & Greenleigh Group Inc.

Luts & Greenleigh Group Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 51.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,904 shares of the utilities provider’s stock after acquiring an additional 2,010 shares during the quarter. Luts & Greenleigh Group Inc.’s holdings in NextEra Energy were worth $423,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in NextEra Energy by 107.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock worth $640,000 after buying an additional 4,344 shares during the period. Evergreen Capital Management LLC grew its position in NextEra Energy by 15.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock worth $1,611,000 after purchasing an additional 2,973 shares during the period. Interval Partners LP acquired a new position in shares of NextEra Energy in the 2nd quarter valued at about $1,668,000. Sagefield Capital LP grew its holdings in NextEra Energy by 149.5% during the second quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock worth $8,080,000 after acquiring an additional 68,372 shares during the period. Finally, Marshall Wace LLP raised its position in NextEra Energy by 1,337.2% during the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after acquiring an additional 122,691 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.1 %

Shares of NYSE:NEE opened at $70.85 on Wednesday. The business has a fifty day moving average of $73.33 and a two-hundred day moving average of $77.24. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a market cap of $145.70 billion, a P/E ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $87.15.

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.