Buffington Mohr McNeal Purchases 5,094 Shares of NextEra Energy, Inc. (NYSE:NEE)

Buffington Mohr McNeal grew its position in NextEra Energy, Inc. (NYSE:NEE) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,467 shares of the utilities provider’s stock after purchasing an additional 5,094 shares during the quarter. Buffington Mohr McNeal’s holdings in NextEra Energy were worth $1,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BankPlus Wealth Management LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $510,000. Baldwin Wealth Partners LLC MA boosted its stake in NextEra Energy by 4.1% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 291,514 shares of the utilities provider’s stock worth $20,899,000 after purchasing an additional 11,554 shares in the last quarter. Foundations Investment Advisors LLC grew its position in NextEra Energy by 131.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 16,949 shares of the utilities provider’s stock worth $1,215,000 after purchasing an additional 9,632 shares during the last quarter. Parsons Capital Management Inc. RI grew its position in NextEra Energy by 289.5% during the 4th quarter. Parsons Capital Management Inc. RI now owns 338,104 shares of the utilities provider’s stock worth $24,239,000 after purchasing an additional 251,293 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its stake in NextEra Energy by 7.3% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 9,707 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEE. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.85.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $73.69 on Tuesday. The stock has a market cap of $151.53 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $73.02 and a 200-day simple moving average of $77.19. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Company 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.