Synergy Asset Management LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Synergy Asset Management LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 98.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,415 shares of the utilities provider’s stock after buying an additional 5,666 shares during the period. Synergy Asset Management LLC’s holdings in NextEra Energy were worth $892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth $27,000. Burkett Financial Services LLC increased its position 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 buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the fourth quarter worth about $28,000. Quarry LP purchased a new stake in NextEra Energy in the third quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the 3rd quarter valued at approximately $39,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $70.95 on Thursday. 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’s 50-day moving average price is $72.83 and its 200-day moving average price is $77.14. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a market cap of $145.90 billion, a PE ratio of 20.99, a PEG ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting 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, analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. 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. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday. 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, January 23rd. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Finally, Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.