NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,854 shares of the utilities provider’s stock after purchasing an additional 298 shares during the quarter. Revolve Wealth Partners LLC’s holdings in NextEra Energy were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Tandem Capital Management Corp ADV raised its stake in shares of NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after buying an additional 125 shares in the last quarter. Insight Folios Inc lifted its holdings in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC boosted its position in shares of NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after purchasing an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC grew its stake in shares of NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after purchasing an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 130 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $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 accessible through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.2 %

NYSE:NEE opened at $73.69 on Tuesday. The company has a market capitalization of $151.53 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 0.58. The stock’s 50 day moving average price is $73.02 and its 200 day moving average price is $77.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.