Sage Private Wealth Group LLC Has $360,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Sage Private Wealth Group LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,016 shares of the utilities provider’s stock after purchasing an additional 173 shares during the quarter. Sage Private Wealth Group LLC’s holdings in NextEra Energy were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after buying an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. National Bank of Canada FI boosted its stake in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after purchasing an additional 851,873 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.9 %

Shares of NEE opened at $70.36 on Wednesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a market cap of $144.69 billion, a PE ratio of 20.88, a P/E/G ratio of 2.42 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $71.52 and its 200-day moving average price is $77.00.

NextEra Energy (NYSE:NEE) last posted 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 28.06% and a return on equity of 11.85%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEE. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays boosted their target price 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. Finally, BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.85.

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.