Wesbanco Bank Inc. Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Wesbanco Bank Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 310,879 shares of the utilities provider’s stock after purchasing an additional 18,677 shares during the period. NextEra Energy accounts for 0.8% of Wesbanco Bank Inc.’s holdings, making the stock its 27th largest position. Wesbanco Bank Inc.’s holdings in NextEra Energy were worth $22,287,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. Burkett Financial Services LLC lifted its holdings in shares of 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 acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Finally, Quarry LP acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction 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 sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $68.47 on Thursday. The stock has a market cap of $140.81 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The company has a fifty day simple moving average of $73.33 and a 200-day simple moving average of $77.24. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their price objective 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. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.15.

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.