Wealth Alliance Advisory Group LLC Has $1.01 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Wealth Alliance Advisory Group LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,079 shares of the utilities provider’s stock after selling 418 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in NextEra Energy were worth $1,009,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NEE. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Burkett Financial Services LLC grew its position in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $27,000. Quarry LP acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at approximately $39,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NEE shares. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. 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. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

Shares of NEE opened at $70.83 on Friday. The company has a market cap of $145.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $73.50 and its 200 day simple moving average is $77.17. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.