Foundations Investment Advisors LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

Foundations Investment Advisors LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 131.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,949 shares of the utilities provider’s stock after purchasing an additional 9,632 shares during the period. Foundations Investment Advisors LLC’s holdings in NextEra Energy were worth $1,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI grew its position in shares of NextEra Energy by 289.5% in the fourth quarter. Parsons Capital Management Inc. RI now owns 338,104 shares of the utilities provider’s stock valued at $24,239,000 after purchasing an additional 251,293 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in NextEra Energy by 7.3% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 9,707 shares of the utilities provider’s stock valued at $696,000 after buying an additional 660 shares in the last quarter. Heartland Bank & Trust Co increased its stake in shares of NextEra Energy by 9.3% in the 4th quarter. Heartland Bank & Trust Co now owns 3,638 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 309 shares during the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of NextEra Energy by 200.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 71,348 shares of the utilities provider’s stock worth $5,115,000 after acquiring an additional 47,562 shares during the period. Finally, McLean Asset Management Corp boosted its position in shares of NextEra Energy by 7.7% during the 4th quarter. McLean Asset Management Corp now owns 3,113 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted 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. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.85.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now 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 the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.50 on Wednesday. The business has a 50-day simple moving average of $72.97 and a 200-day simple moving average of $77.18. 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 one year low of $53.95 and a one year high of $86.10. The company has a market cap of $144.97 billion, a PE ratio of 20.86, a P/E/G ratio of 2.29 and a beta of 0.58.

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

About NextEra Energy

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.