NextEra Energy, Inc. (NYSE:NEE) Shares Bought by BLB&B Advisors LLC

BLB&B Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,025 shares of the utilities provider’s stock after acquiring an additional 1,105 shares during the period. BLB&B Advisors LLC’s holdings in NextEra Energy were worth $13,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NEE. Burkett Financial Services LLC increased its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling 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. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 1.5 %

Shares of NYSE:NEE opened at $68.24 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market cap of $140.33 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a fifty day moving average price of $71.87 and a 200 day moving average price of $77.02.

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