NovaPoint Capital LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

NovaPoint Capital LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,773 shares of the utilities provider’s stock after purchasing an additional 523 shares during the quarter. NovaPoint Capital LLC’s holdings in NextEra Energy were worth $1,202,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NEE. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter valued at $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.0 %

NextEra Energy stock opened at $69.17 on Thursday. The stock has a 50-day moving average of $72.25 and a two-hundred day moving average of $77.13. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a market cap of $142.24 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on NEE. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank upped their price objective 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. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

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.