Country Club Bank Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Country Club Bank grew its position in NextEra Energy, Inc. (NYSE:NEE) by 28.3% during the 4th quarter, HoldingsChannel reports. The fund owned 187,275 shares of the utilities provider’s stock after purchasing an additional 41,339 shares during the period. NextEra Energy comprises about 0.9% of Country Club Bank’s investment portfolio, making the stock its 27th largest holding. Country Club Bank’s holdings in NextEra Energy were worth $13,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP purchased a new position in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several recent research reports. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank increased their target price 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. Finally, Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

NYSE:NEE opened at $69.92 on Wednesday. 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 firm has a market cap of $143.78 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a 50 day moving average price of $72.40 and a 200-day moving average price of $77.14. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.