Benedict Financial Advisors Inc. Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Benedict Financial Advisors Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,566 shares of the utilities provider’s stock after acquiring an additional 540 shares during the period. Benedict Financial Advisors Inc.’s holdings in NextEra Energy were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth $27,000. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $39,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEE. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley upped their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Down 1.5 %

Shares of NEE stock opened at $68.24 on Friday. The business has a 50-day moving average of $71.66 and a 200 day moving average of $76.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market capitalization of $140.33 billion, a PE ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction 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 represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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.