Gladstone Institutional Advisory LLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Gladstone Institutional Advisory LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,484 shares of the utilities provider’s stock after buying an additional 2,998 shares during the period. Gladstone Institutional Advisory LLC’s holdings in NextEra Energy were worth $3,547,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NEE. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth approximately $27,000. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $69.28 on Thursday. The firm has a fifty day moving average of $71.40 and a 200-day moving average of $76.97. The company has a market cap of $142.47 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.42 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, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its 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 28.06% and a return on equity of 11.85%. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NEE shares. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Evercore ISI decreased 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 report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.85.

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.