Mutual Advisors LLC Acquires 6,048 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mutual Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,803 shares of the utilities provider’s stock after purchasing an additional 6,048 shares during the period. Mutual Advisors LLC’s holdings in NextEra Energy were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NEE. Marshall Wace LLP grew its position 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 valued at $9,337,000 after purchasing an additional 122,691 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in NextEra Energy in the second quarter valued at $428,000. Daymark Wealth Partners LLC grew its position in NextEra Energy by 11.2% in the second quarter. Daymark Wealth Partners LLC now owns 43,183 shares of the utilities provider’s stock valued at $3,058,000 after purchasing an additional 4,352 shares in the last quarter. MBB Public Markets I LLC grew its position in NextEra Energy by 1,206.5% in the second quarter. MBB Public Markets I LLC now owns 144,638 shares of the utilities provider’s stock valued at $10,242,000 after purchasing an additional 133,567 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in NextEra Energy by 62.0% in the second quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock valued at $61,392,000 after acquiring an additional 331,857 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $72.91 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $73.09 and a two-hundred day simple moving average of $77.12. The stock has a market capitalization of $149.93 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade 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 the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NEE shares. Scotiabank increased their price target 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. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.