NextEra Energy, Inc. (NYSE:NEE) Stake Increased by Money Concepts Capital Corp

Money Concepts Capital Corp grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,962 shares of the utilities provider’s stock after acquiring an additional 419 shares during the period. Money Concepts Capital Corp’s holdings in NextEra Energy were worth $1,001,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Confluence Wealth Services Inc. raised its stake in NextEra Energy by 4.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 21,411 shares of the utilities provider’s stock valued at $1,482,000 after buying an additional 844 shares in the last quarter. Country Club Bank increased its holdings in shares of NextEra Energy by 28.3% in the 4th quarter. Country Club Bank now owns 187,275 shares of the utilities provider’s stock valued at $13,439,000 after acquiring an additional 41,339 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NextEra Energy by 8.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,603 shares of the utilities provider’s stock valued at $14,863,000 after acquiring an additional 17,317 shares in the last quarter. Jackson Wealth Management LLC lifted its stake in NextEra Energy by 1.9% during the fourth quarter. Jackson Wealth Management LLC now owns 112,648 shares of the utilities provider’s stock worth $8,076,000 after purchasing an additional 2,114 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in NextEra Energy by 12.2% in the fourth quarter. Spirit of America Management Corp NY now owns 47,525 shares of the utilities provider’s stock worth $3,407,000 after purchasing an additional 5,150 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays raised their target price 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. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank increased their price target on 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, Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

Shares of NEE opened at $69.17 on Thursday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock’s fifty day moving average is $72.25 and its 200-day moving average is $77.13. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $142.24 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 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.