Bartlett & CO. Wealth Management LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Bartlett & CO. Wealth Management LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,090,096 shares of the utilities provider’s stock after purchasing an additional 19,436 shares during the quarter. NextEra Energy comprises 1.1% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Bartlett & CO. Wealth Management LLC owned about 0.05% of NextEra Energy worth $78,149,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Evergreen Capital Management LLC boosted its stake in shares of NextEra Energy by 15.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock worth $1,611,000 after purchasing an additional 2,973 shares during the period. Marshall Wace LLP lifted its stake in NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares during the last quarter. Semmax Financial Advisors Inc. boosted its position in shares of 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 buying an additional 225 shares during the period. Sfmg LLC bought a new position in shares of NextEra Energy during the second quarter valued at approximately $212,000. Finally, Royal Capital Wealth Management LLC raised its holdings in shares of NextEra Energy by 8.8% in the second quarter. Royal Capital Wealth Management LLC now owns 12,344 shares of the utilities provider’s stock worth $874,000 after buying an additional 1,000 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 3.4 %

Shares of NYSE:NEE opened at $68.47 on Thursday. The business’s 50-day moving average is $73.33 and its 200 day moving average is $77.24. 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 1 year low of $53.95 and a 1 year high of $86.10. The firm has a market capitalization of $140.81 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.38 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets upped their target price 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. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Barclays upped 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. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy 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.