Park Place Capital Corp Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Park Place Capital Corp grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,060 shares of the utilities provider’s stock after acquiring an additional 730 shares during the quarter. Park Place Capital Corp’s holdings in NextEra Energy were worth $1,438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Capital Management LLC grew its stake in NextEra Energy by 260.8% during the 4th quarter. Janney Capital Management LLC now owns 150,817 shares of the utilities provider’s stock worth $10,812,000 after buying an additional 109,016 shares during the last quarter. Luts & Greenleigh Group Inc. grew its stake in NextEra Energy by 51.6% during the 4th quarter. Luts & Greenleigh Group Inc. now owns 5,904 shares of the utilities provider’s stock worth $423,000 after buying an additional 2,010 shares during the last quarter. Albion Financial Group UT grew its stake in NextEra Energy by 2.1% during the 4th quarter. Albion Financial Group UT now owns 8,978 shares of the utilities provider’s stock worth $644,000 after buying an additional 184 shares during the last quarter. Viking Fund Management LLC grew its stake in NextEra Energy by 10.1% during the 4th quarter. Viking Fund Management LLC now owns 295,000 shares of the utilities provider’s stock worth $21,149,000 after buying an additional 27,000 shares during the last quarter. Finally, Advisory Alpha LLC grew its stake in NextEra Energy by 5.0% during the 4th quarter. Advisory Alpha LLC now owns 15,386 shares of the utilities provider’s stock worth $1,103,000 after buying an additional 733 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on NEE shares. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Performance

Shares of NEE stock opened at $69.85 on Wednesday. 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, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock’s 50-day moving average is $73.33 and its two-hundred day moving average is $77.24. The firm has a market cap of $143.63 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.38 and a beta of 0.58.

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

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by 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.