Rice Partnership LLC Purchases 3,083 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rice Partnership LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,071 shares of the utilities provider’s stock after purchasing an additional 3,083 shares during the period. Rice Partnership LLC’s holdings in NextEra Energy were worth $4,952,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NEE. Tandem Capital Management Corp ADV boosted its position in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after buying an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC boosted its position in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after buying an additional 126 shares during the period. Insight Folios Inc boosted its position in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC boosted its position in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after buying an additional 128 shares during the period. Finally, Boston Trust Walden Corp boosted its position in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after buying an additional 130 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $71.65 on Monday. The company’s fifty day moving average price is $72.51 and its 200 day moving average price is $77.14. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a market capitalization of $147.34 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. 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. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average 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 on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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.