NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 424,668 shares of the utilities provider’s stock after purchasing an additional 13,478 shares during the period. NextEra Energy accounts for 0.9% of Carnegie Investment Counsel’s portfolio, making the stock its 25th largest position. Carnegie Investment Counsel’s holdings in NextEra Energy were worth $30,444,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NEE. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth $27,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Quarry LP acquired a new stake in NextEra Energy during the third quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.0 %

Shares of NEE opened at $71.39 on Friday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a 50-day moving average price of $73.68 and a 200 day moving average price of $77.20. 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 company has a market capitalization of $146.81 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its 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. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the business posted $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Guggenheim boosted 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. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.15.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by 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.