Steigerwald Gordon & Koch Inc. Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Steigerwald Gordon & Koch Inc. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,959 shares of the utilities provider’s stock after acquiring an additional 8,441 shares during the quarter. NextEra Energy accounts for about 2.0% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 23rd biggest position. Steigerwald Gordon & Koch Inc.’s holdings in NextEra Energy were worth $17,561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. increased its position in NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after buying an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after acquiring an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates increased its position in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after purchasing an additional 851,873 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, 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 available at this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 0.8 %

Shares of NYSE:NEE opened at $70.83 on Friday. The stock has a 50-day simple moving average of $73.50 and a 200-day simple moving average of $77.17. The stock has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NEE shares. Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target 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 lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $87.15.

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.