NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by New England Research & Management Inc.

New England Research & Management Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 18.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,638 shares of the utilities provider’s stock after acquiring an additional 3,505 shares during the period. New England Research & Management Inc.’s holdings in NextEra Energy were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Hanson & Doremus Investment Management increased its position in shares of NextEra Energy by 51.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 6,451 shares of the utilities provider’s stock valued at $462,000 after acquiring an additional 2,196 shares during the period. Plimoth Trust Co. LLC grew its position in NextEra Energy by 0.9% during the 4th quarter. Plimoth Trust Co. LLC now owns 57,713 shares of the utilities provider’s stock worth $4,137,000 after purchasing an additional 489 shares during the period. Ibex Wealth Advisors grew its position in NextEra Energy by 1,408.9% during the 4th quarter. Ibex Wealth Advisors now owns 106,376 shares of the utilities provider’s stock worth $7,626,000 after purchasing an additional 99,326 shares during the period. Swedbank AB grew its position in NextEra Energy by 26.3% during the 4th quarter. Swedbank AB now owns 835,301 shares of the utilities provider’s stock worth $59,883,000 after purchasing an additional 173,678 shares during the period. Finally, Allen Capital Group LLC grew its position in NextEra Energy by 22.0% during the 4th quarter. Allen Capital Group LLC now owns 13,262 shares of the utilities provider’s stock worth $951,000 after purchasing an additional 2,393 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NEE shares. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday. Scotiabank raised 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. Finally, JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Up 0.6 %

Shares of NextEra Energy stock opened at $70.95 on Thursday. The firm has a market capitalization of $145.90 billion, a PE ratio of 20.99, a P/E/G ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm’s 50-day moving average price is $72.83 and its 200 day moving average price is $77.14. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last released its 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 net margin of 26.49% and a return on equity of 11.94%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal 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 that occurred 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 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.