Matrix Asset Advisors Inc. NY Acquires 2,289 Shares of NextEra Energy, Inc. (NYSE:NEE)

Matrix Asset Advisors Inc. NY grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,315 shares of the utilities provider’s stock after acquiring an additional 2,289 shares during the quarter. NextEra Energy accounts for about 1.8% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 22nd largest holding. Matrix Asset Advisors Inc. NY’s holdings in NextEra Energy were worth $16,655,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NEE. Burkett Financial Services LLC raised its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $28,000. Quarry LP bought a new stake in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter worth about $39,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

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 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 in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on NEE shares. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Up 1.2 %

Shares of NEE stock opened at $73.69 on Tuesday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock has a market cap of $151.53 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.29 and a beta of 0.58. The firm’s 50-day moving average is $73.02 and its 200-day moving average is $77.19. 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 Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Sell-side analysts predict 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.