Empirical Asset Management LLC Acquires 55,505 Shares of NextEra Energy, Inc. (NYSE:NEE)

Empirical Asset Management LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 274.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,729 shares of the utilities provider’s stock after buying an additional 55,505 shares during the period. Empirical Asset Management LLC’s holdings in NextEra Energy were worth $5,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NEE. Cvfg LLC bought a new position in shares of NextEra Energy in the fourth quarter worth $797,000. Bennett Associates Wealth Management lifted its position in NextEra Energy by 54.1% during the fourth quarter. Bennett Associates Wealth Management now owns 4,180 shares of the utilities provider’s stock worth $300,000 after purchasing an additional 1,467 shares during the period. Certified Advisory Corp grew its stake in NextEra Energy by 8.0% during the fourth quarter. Certified Advisory Corp now owns 3,816 shares of the utilities provider’s stock worth $274,000 after buying an additional 282 shares in the last quarter. Cohen Investment Advisors LLC increased its holdings in NextEra Energy by 1.3% in the 4th quarter. Cohen Investment Advisors LLC now owns 34,537 shares of the utilities provider’s stock valued at $2,476,000 after buying an additional 445 shares during the period. Finally, Retireful LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $326,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets upped their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $87.15.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $71.39 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a 50 day simple moving average of $73.68 and a two-hundred day simple moving average of $77.20. The company has a market capitalization of $146.81 billion, a PE ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current 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.