NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Nvest Financial LLC

Nvest Financial LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,900 shares of the utilities provider’s stock after acquiring an additional 1,018 shares during the period. NextEra Energy accounts for about 1.2% of Nvest Financial LLC’s investment portfolio, making the stock its 27th largest position. Nvest Financial LLC’s holdings in NextEra Energy were worth $2,287,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC grew its position in shares of NextEra Energy by 8.0% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 81,727 shares of the utilities provider’s stock valued at $5,783,000 after purchasing an additional 6,086 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in NextEra Energy by 8.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 225,085 shares of the utilities provider’s stock worth $16,136,000 after buying an additional 16,940 shares in the last quarter. R Squared Ltd acquired a new position in shares of NextEra Energy in the fourth quarter worth $68,000. Perigon Wealth Management LLC lifted its position in shares of NextEra Energy by 29.7% in the fourth quarter. Perigon Wealth Management LLC now owns 66,729 shares of the utilities provider’s stock valued at $4,762,000 after acquiring an additional 15,293 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY lifted its holdings in NextEra Energy by 1.0% in the 4th quarter. Matrix Asset Advisors Inc. NY now owns 232,315 shares of the utilities provider’s stock valued at $16,655,000 after purchasing an additional 2,289 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight investment 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 currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

NEE opened at $70.50 on Wednesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market cap of $144.97 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $72.83 and a 200 day simple moving average of $77.14.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Transactions 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 value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade 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 accessible through this link. Corporate insiders own 0.18% of the company’s stock.

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.