Novare Capital Management LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Novare Capital Management LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,643 shares of the utilities provider’s stock after purchasing an additional 356 shares during the period. Novare Capital Management LLC’s holdings in NextEra Energy were worth $8,075,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NEE. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.15.

Insider Transactions at NextEra Energy

In other 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 value of $302,808.99. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 5.3 %

NYSE NEE opened at $72.91 on Friday. The company has a market capitalization of $149.93 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company’s fifty day moving average price is $73.02 and its two-hundred day moving average price is $77.12.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal 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.