Pine Haven Investment Counsel Inc Has $428,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Pine Haven Investment Counsel Inc lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,965 shares of the utilities provider’s stock after acquiring an additional 430 shares during the period. Pine Haven Investment Counsel Inc’s holdings in NextEra Energy were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NEE. King Luther Capital Management Corp increased its holdings in shares of NextEra Energy by 4.9% during the second quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider’s stock worth $1,284,000 after purchasing an additional 844 shares during the period. AE Wealth Management LLC grew its position in NextEra Energy by 9.8% during the second quarter. AE Wealth Management LLC now owns 70,781 shares of the utilities provider’s stock worth $5,012,000 after buying an additional 6,340 shares in the last quarter. Pacer Advisors Inc. grew its position in NextEra Energy by 5.9% during the second quarter. Pacer Advisors Inc. now owns 144,874 shares of the utilities provider’s stock worth $10,259,000 after buying an additional 8,061 shares in the last quarter. Summit Trail Advisors LLC increased its stake in NextEra Energy by 1.4% during the 2nd quarter. Summit Trail Advisors LLC now owns 24,264 shares of the utilities provider’s stock worth $1,718,000 after acquiring an additional 343 shares during the period. Finally, Merriman Wealth Management LLC acquired a new position in NextEra Energy in the 2nd quarter valued at $206,000. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

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 transaction of $302,808.99. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NEE. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.83 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market cap of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The firm’s fifty day moving average is $73.50 and its 200-day moving average is $77.21.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share 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.