Premier Path Wealth Partners LLC Has $1.60 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Premier Path Wealth Partners LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,279 shares of the utilities provider’s stock after selling 840 shares during the period. Premier Path Wealth Partners LLC’s holdings in NextEra Energy were worth $1,597,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NEE. Sanibel Captiva Trust Company Inc. increased its holdings in shares of NextEra Energy by 0.4% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 263,186 shares of the utilities provider’s stock valued at $18,868,000 after purchasing an additional 1,170 shares during the period. Howard Financial Services LTD. grew its position in NextEra Energy by 65.7% during the fourth quarter. Howard Financial Services LTD. now owns 5,220 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 2,070 shares in the last quarter. Verity & Verity LLC boosted its stake in shares of NextEra Energy by 6.1% during the 4th quarter. Verity & Verity LLC now owns 195,945 shares of the utilities provider’s stock valued at $14,047,000 after buying an additional 11,319 shares during the period. Spring Capital Management LLC grew its holdings in shares of NextEra Energy by 9.3% during the 4th quarter. Spring Capital Management LLC now owns 79,035 shares of the utilities provider’s stock valued at $5,666,000 after acquiring an additional 6,736 shares in the last quarter. Finally, InTrack Investment Management Inc increased its stake in shares of NextEra Energy by 95.7% in the fourth quarter. InTrack Investment Management Inc now owns 15,678 shares of the utilities provider’s stock worth $1,066,000 after acquiring an additional 7,668 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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 research note on Friday, November 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. BMO Capital Markets boosted their target price on shares of 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 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 research note 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 0.8 %

NextEra Energy stock opened at $70.83 on Friday. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a fifty day moving average price of $73.62 and a two-hundred day moving average price of $77.16. The firm has a market cap of $145.66 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58.

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

Insider Activity at NextEra Energy

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 directly owns 15,792 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.