NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Integris Wealth Management LLC

Integris Wealth Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,022 shares of the utilities provider’s stock after purchasing an additional 250 shares during the quarter. Integris Wealth Management LLC’s holdings in NextEra Energy were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Financial Services LLC increased its stake in NextEra Energy by 3.0% in the fourth quarter. Heritage Financial Services LLC now owns 11,832 shares of the utilities provider’s stock valued at $848,000 after purchasing an additional 345 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $36,000. Boomfish Wealth Group LLC grew its holdings in NextEra Energy by 8.0% in the 4th quarter. Boomfish Wealth Group LLC now owns 20,924 shares of the utilities provider’s stock valued at $1,500,000 after buying an additional 1,545 shares during the period. Oak Harvest Investment Services increased its stake in shares of NextEra Energy by 4.6% during the 4th quarter. Oak Harvest Investment Services now owns 75,369 shares of the utilities provider’s stock valued at $5,403,000 after acquiring an additional 3,289 shares during the last quarter. Finally, FSA Advisors Inc. purchased a new position in shares of NextEra Energy during the 4th quarter worth about $295,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NEE. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

Shares of NEE stock opened at $71.31 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a market capitalization of $146.64 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $72.72 and a 200-day simple moving average of $77.10.

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, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by 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.