Focus Financial Network Inc. Purchases 1,221 Shares of NextEra Energy, Inc. (NYSE:NEE)

Focus Financial Network Inc. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,826 shares of the utilities provider’s stock after acquiring an additional 1,221 shares during the period. Focus Financial Network Inc.’s holdings in NextEra Energy were worth $633,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Summit Trail Advisors LLC raised its stake in NextEra Energy by 22.4% in the 4th quarter. Summit Trail Advisors LLC now owns 32,407 shares of the utilities provider’s stock worth $2,323,000 after purchasing an additional 5,936 shares in the last quarter. Sapient Capital LLC increased its holdings in shares of NextEra Energy by 2.0% during the fourth quarter. Sapient Capital LLC now owns 40,698 shares of the utilities provider’s stock worth $2,918,000 after purchasing an additional 808 shares during the period. Paladin Wealth LLC raised its position in shares of NextEra Energy by 13.3% in the fourth quarter. Paladin Wealth LLC now owns 8,512 shares of the utilities provider’s stock valued at $610,000 after buying an additional 997 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of NextEra Energy by 8.5% in the fourth quarter. Equitable Trust Co. now owns 44,077 shares of the utilities provider’s stock valued at $3,160,000 after buying an additional 3,438 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in shares of NextEra Energy by 68.6% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 41,096 shares of the utilities provider’s stock valued at $2,946,000 after buying an additional 16,724 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $69.28 on Thursday. The stock has a 50-day moving average price of $71.40 and a two-hundred day moving average price of $76.97. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a market capitalization of $142.47 billion, a PE ratio of 20.56, a P/E/G ratio of 2.42 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on NEE shares. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average 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.