NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Viking Fund Management LLC

Viking Fund Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,000 shares of the utilities provider’s stock after purchasing an additional 27,000 shares during the period. NextEra Energy makes up about 3.3% of Viking Fund Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Viking Fund Management LLC’s holdings in NextEra Energy were worth $21,149,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Tandem Capital Management Corp ADV lifted its stake in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares during the last quarter. Insight Folios Inc increased its holdings in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after buying an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC lifted its stake in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC boosted its holdings in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. Guggenheim lifted their price target 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 lifted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. 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. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Trading Up 0.1 %

NYSE NEE opened at $70.85 on Wednesday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business has a 50 day simple moving average of $73.33 and a 200 day simple moving average of $77.24. The stock has a market capitalization of $145.70 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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.