Stratos Wealth Partners LTD. Acquires 1,781 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stratos Wealth Partners LTD. grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,933 shares of the utilities provider’s stock after purchasing an additional 1,781 shares during the period. Stratos Wealth Partners LTD.’s holdings in NextEra Energy were worth $5,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NEE. Czech National Bank lifted its holdings in NextEra Energy by 6.9% during the 3rd quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after purchasing an additional 27,020 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of NextEra Energy by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 12,950 shares of the utilities provider’s stock worth $1,095,000 after buying an additional 644 shares in the last quarter. Callan Family Office LLC bought a new position in shares of NextEra Energy in the third quarter valued at approximately $247,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of NextEra Energy by 1.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock worth $2,563,000 after acquiring an additional 469 shares in the last quarter. Finally, City Holding Co. grew its position in NextEra Energy by 2.9% during the 3rd quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock worth $4,340,000 after acquiring an additional 1,470 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI reduced 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 research report on Monday, January 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

Shares of NEE stock opened at $69.17 on Thursday. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 firm has a fifty day moving average of $72.25 and a 200-day moving average of $77.13.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.