Community Financial Services Group LLC Buys 2,195 Shares of NextEra Energy, Inc. (NYSE:NEE)

Community Financial Services Group LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 77,004 shares of the utilities provider’s stock after acquiring an additional 2,195 shares during the quarter. NextEra Energy accounts for approximately 1.1% of Community Financial Services Group LLC’s investment portfolio, making the stock its 29th biggest position. Community Financial Services Group LLC’s holdings in NextEra Energy were worth $5,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Exchange Traded Concepts LLC boosted its position in NextEra Energy by 514.3% during the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 3,914 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of NextEra Energy by 2.4% in the 3rd quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock valued at $1,097,000 after buying an additional 306 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of NextEra Energy in the third quarter valued at $45,000. Wesbanco Bank Inc. increased its holdings in NextEra Energy by 13.4% during the third quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock worth $24,700,000 after buying an additional 34,464 shares during the last quarter. Finally, Creative Planning raised its position in NextEra Energy by 2.4% during the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after acquiring an additional 19,698 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.9 %

NYSE NEE opened at $70.36 on Wednesday. The company has a market cap of $144.69 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.42 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 quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average is $71.52 and its 200 day moving average is $77.00.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.85.

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.