NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by FFG Partners LLC

FFG Partners LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,921 shares of the utilities provider’s stock after purchasing an additional 2,649 shares during the period. NextEra Energy makes up 3.3% of FFG Partners LLC’s investment portfolio, making the stock its 13th largest position. FFG Partners LLC’s holdings in NextEra Energy were worth $9,314,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Global X Japan Co. Ltd. boosted its stake in NextEra Energy by 12.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 6,282 shares of the utilities provider’s stock worth $450,000 after buying an additional 687 shares during the period. Fairvoy Private Wealth LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $313,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of NextEra Energy by 4.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 398,887 shares of the utilities provider’s stock worth $28,596,000 after purchasing an additional 15,627 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in NextEra Energy by 0.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,730,613 shares of the utilities provider’s stock valued at $339,138,000 after purchasing an additional 19,212 shares during the last quarter. Finally, RNC Capital Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $210,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley increased their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $69.18 on Friday. The company has a market capitalization of $142.25 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock has a 50 day moving average price of $72.06 and a 200 day moving average price of $77.07.

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

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.