Stone Summit Wealth LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Stone Summit Wealth LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,215 shares of the utilities provider’s stock after buying an additional 995 shares during the quarter. Stone Summit Wealth LLC’s holdings in NextEra Energy were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after purchasing an additional 86,758 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after buying an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after buying an additional 851,873 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on 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 $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 1.5 %

NextEra Energy stock opened at $68.24 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $140.33 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58. The business has a fifty day moving average of $71.66 and a two-hundred day moving average of $77.02. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.