Victrix Investment Advisors Purchases Shares of 13,257 NextEra Energy, Inc. (NYSE:NEE)

Victrix Investment Advisors acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 13,257 shares of the utilities provider’s stock, valued at approximately $950,000.

A number of other hedge funds have also modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its position in NextEra Energy by 153.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,357 shares of the utilities provider’s stock worth $1,459,000 after purchasing an additional 12,339 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of NextEra Energy by 37.6% during the 4th quarter. Merit Financial Group LLC now owns 31,369 shares of the utilities provider’s stock worth $2,249,000 after purchasing an additional 8,564 shares during the last quarter. Sax Wealth Advisors LLC grew its holdings in shares of NextEra Energy by 59.3% during the fourth quarter. Sax Wealth Advisors LLC now owns 4,728 shares of the utilities provider’s stock worth $339,000 after buying an additional 1,760 shares in the last quarter. CGN Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $244,000. Finally, Ameritas Advisory Services LLC raised its position in shares of NextEra Energy by 40.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 42,393 shares of the utilities provider’s stock valued at $3,039,000 after buying an additional 12,216 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of analyst reports. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.46.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $74.97 on Monday. The business has a 50-day moving average of $68.72 and a two-hundred day moving average of $71.20. The firm has a market capitalization of $154.34 billion, a PE ratio of 22.25, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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.