NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Albion Financial Group UT

Albion Financial Group UT increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,978 shares of the utilities provider’s stock after acquiring an additional 184 shares during the period. Albion Financial Group UT’s holdings in NextEra Energy were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. EverSource Wealth Advisors LLC lifted its holdings in NextEra Energy by 107.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock worth $640,000 after buying an additional 4,344 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of NextEra Energy by 15.0% in the second quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock valued at $1,611,000 after acquiring an additional 2,973 shares in the last quarter. Interval Partners LP purchased a new position in NextEra Energy in the second quarter valued at $1,668,000. Sagefield Capital LP grew its stake in NextEra Energy by 149.5% during the 2nd quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock worth $8,080,000 after purchasing an additional 68,372 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in NextEra Energy by 1,337.2% during the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank boosted their target price on shares of 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, Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

NEE stock opened at $70.85 on Wednesday. The business has a 50 day simple moving average of $73.33 and a 200-day simple moving average of $77.24. The company has a market capitalization of $145.70 billion, a P/E ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Activity

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

NextEra Energy 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.