Mission Wealth Management LP grew its stake in shares of NextEra Energy Inc (NYSE:NEE) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,738 shares of the utilities provider’s stock after buying an additional 90 shares during the period. Mission Wealth Management LP’s holdings in NextEra Energy were worth $663,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. First PREMIER Bank bought a new stake in NextEra Energy in the third quarter worth $33,000. Manchester Financial Inc. purchased a new stake in NextEra Energy during the fourth quarter valued at about $35,000. Vista Private Wealth Partners. LLC purchased a new stake in NextEra Energy during the third quarter valued at about $36,000. Northwest Investment Counselors LLC bought a new position in shares of NextEra Energy during the third quarter valued at about $37,000. Finally, Horan Securities Inc. grew its stake in shares of NextEra Energy by 37.6% during the third quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock valued at $40,000 after buying an additional 47 shares during the last quarter. 77.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:NEE opened at $256.89 on Wednesday. NextEra Energy Inc has a 1 year low of $171.74 and a 1 year high of $257.30. The company has a market cap of $123.86 billion, a PE ratio of 38.57, a P/E/G ratio of 3.50 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47. The stock’s 50-day moving average is $241.56 and its 200 day moving average is $227.58.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. Analysts expect that NextEra Energy Inc will post 8.39 EPS for the current fiscal year.
A number of research firms have recently weighed in on NEE. Mizuho boosted their target price on NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Credit Suisse Group lowered NextEra Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley reduced their price target on NextEra Energy from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Goldman Sachs Group downgraded NextEra Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $236.00 to $256.00 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $239.43.
In related news, Director James L. Robo sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $234.39, for a total value of $2,343,900.00. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $239.37, for a total transaction of $382,992.00. Following the completion of the sale, the director now owns 14,897 shares in the company, valued at approximately $3,565,894.89. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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