NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by MKT Advisors LLC

MKT Advisors LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,729 shares of the utilities provider’s stock after purchasing an additional 919 shares during the period. MKT Advisors LLC’s holdings in NextEra Energy were worth $547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harrell Investment Partners LLC boosted its holdings in NextEra Energy by 13.4% in the fourth quarter. Harrell Investment Partners LLC now owns 34,458 shares of the utilities provider’s stock valued at $2,470,000 after purchasing an additional 4,074 shares in the last quarter. Clarendon Private LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $646,000. Embree Financial Group grew its position in shares of NextEra Energy by 6.5% in the 4th quarter. Embree Financial Group now owns 8,433 shares of the utilities provider’s stock valued at $605,000 after buying an additional 512 shares during the last quarter. Marshall Financial Group LLC raised its stake in NextEra Energy by 3.7% during the 4th quarter. Marshall Financial Group LLC now owns 11,729 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 419 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. boosted its stake in NextEra Energy by 1.5% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,095 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 5.3 %

NEE opened at $72.91 on Friday. The business has a 50 day simple moving average of $73.02 and a 200-day simple moving average of $77.12. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market capitalization of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.15.

Insiders Place Their Bets

In other 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.