NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,707 shares of the utilities provider’s stock after purchasing an additional 660 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in NextEra Energy were worth $696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares during the period. Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after acquiring an additional 86,758 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after purchasing an additional 851,873 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $72.91 on Monday. The stock has a market capitalization of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. The firm’s 50-day moving average price is $73.02 and its two-hundred day moving average price is $77.19. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

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 analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. 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. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.15.

Insider Transactions at NextEra Energy

In other 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

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.