Narwhal Capital Management Acquires 9,936 Shares of NextEra Energy, Inc. (NYSE:NEE)

Narwhal Capital Management increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 168,289 shares of the utilities provider’s stock after acquiring an additional 9,936 shares during the period. NextEra Energy comprises 1.1% of Narwhal Capital Management’s portfolio, making the stock its 25th biggest position. Narwhal Capital Management’s holdings in NextEra Energy were worth $12,065,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Burkett Financial Services LLC boosted its stake in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 5.3 %

NYSE:NEE opened at $72.91 on Monday. The stock has a market capitalization of $149.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week 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 firm has a 50 day moving average of $73.02 and a 200 day moving average of $77.16.

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

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. Guggenheim increased their price objective 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 increased their price target 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. Morgan Stanley upped 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. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.15.

About NextEra Energy

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.