Alpha Cubed Investments LLC Acquires 39,215 Shares of NextEra Energy, Inc. (NYSE:NEE)

Alpha Cubed Investments LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 696,223 shares of the utilities provider’s stock after purchasing an additional 39,215 shares during the quarter. NextEra Energy makes up 2.3% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 13th largest holding. Alpha Cubed Investments LLC’s holdings in NextEra Energy were worth $49,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Clear Harbor Asset Management LLC raised its stake in shares of NextEra Energy by 76.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 6,383 shares of the utilities provider’s stock valued at $458,000 after buying an additional 2,771 shares during the period. Charles Schwab Trust Co raised its stake in NextEra Energy by 2.3% in the 4th quarter. Charles Schwab Trust Co now owns 7,619 shares of the utilities provider’s stock valued at $546,000 after acquiring an additional 170 shares during the period. Solidarity Wealth LLC lifted its holdings in NextEra Energy by 2.9% during the fourth quarter. Solidarity Wealth LLC now owns 76,331 shares of the utilities provider’s stock valued at $5,472,000 after purchasing an additional 2,140 shares during the last quarter. Aspiriant LLC increased its stake in shares of NextEra Energy by 16.1% in the fourth quarter. Aspiriant LLC now owns 11,114 shares of the utilities provider’s stock worth $797,000 after purchasing an additional 1,539 shares in the last quarter. Finally, ARS Investment Partners LLC raised its position in shares of NextEra Energy by 35.7% in the fourth quarter. ARS Investment Partners LLC now owns 5,258 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 1,384 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the subject of a number of analyst reports. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Scotiabank upped 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $70.83 on Tuesday. The business’s fifty day simple moving average is $73.50 and its two-hundred day simple moving average is $77.25. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a market cap of $145.66 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.38 and a beta of 0.58. 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 announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal 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.