Roberts Wealth Advisors LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

Roberts Wealth Advisors LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,019 shares of the utilities provider’s stock after purchasing an additional 3,796 shares during the period. NextEra Energy comprises 1.5% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. Roberts Wealth Advisors LLC’s holdings in NextEra Energy were worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Enclave Advisors LLC boosted its holdings in shares of NextEra Energy by 2.8% during the fourth quarter. Enclave Advisors LLC now owns 6,796 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 187 shares during the period. Transform Wealth LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $226,000. Alpha Cubed Investments LLC lifted its holdings in NextEra Energy by 6.0% in the 4th quarter. Alpha Cubed Investments LLC now owns 696,223 shares of the utilities provider’s stock worth $49,912,000 after buying an additional 39,215 shares during the period. Clear Harbor Asset Management LLC grew its position in shares of NextEra Energy by 76.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,383 shares of the utilities provider’s stock worth $458,000 after buying an additional 2,771 shares during the last quarter. Finally, Charles Schwab Trust Co increased its stake in shares of NextEra Energy by 2.3% during the fourth quarter. Charles Schwab Trust Co now owns 7,619 shares of the utilities provider’s stock valued at $546,000 after buying an additional 170 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. 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 report on Friday, November 22nd. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Stock Performance

NextEra Energy stock opened at $70.85 on Wednesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $145.70 billion, a P/E ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. The stock’s 50 day moving average is $73.40 and its 200 day moving average is $77.24.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated 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 directly 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 hyperlink. 0.18% of the stock is currently owned by company 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,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.