Marshall Financial Group LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Marshall Financial Group LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,729 shares of the utilities provider’s stock after buying an additional 419 shares during the period. Marshall Financial Group LLC’s holdings in NextEra Energy were worth $841,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in shares of NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of NextEra Energy by 62.0% in the 2nd quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock worth $61,392,000 after buying an additional 331,857 shares during the last quarter. Susquehanna International Group Ltd. purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $407,000. Ninepoint Partners LP raised its holdings in shares of NextEra Energy by 6.2% during the second quarter. Ninepoint Partners LP now owns 17,807 shares of the utilities provider’s stock valued at $1,261,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc lifted its stake in NextEra Energy by 2.9% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 116,951 shares of the utilities provider’s stock worth $8,281,000 after acquiring an additional 3,322 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $72.91 on Friday. The company has a market capitalization of $149.93 billion, a PE ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. The business has a fifty day moving average price of $73.02 and a 200-day moving average price of $77.12. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-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.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight equities research 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 has a consensus rating of “Hold” and an average price target of $87.15.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is 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.