Brighton Jones LLC Acquires 1,840 Shares of NextEra Energy, Inc. (NYSE:NEE)

Brighton Jones LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,282 shares of the utilities provider’s stock after purchasing an additional 1,840 shares during the quarter. Brighton Jones LLC’s holdings in NextEra Energy were worth $2,028,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NEE. Seneca House Advisors lifted its stake in NextEra Energy by 11.3% in the fourth quarter. Seneca House Advisors now owns 62,629 shares of the utilities provider’s stock valued at $4,490,000 after buying an additional 6,380 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in shares of NextEra Energy by 1.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 94,985 shares of the utilities provider’s stock valued at $6,809,000 after acquiring an additional 1,120 shares during the last quarter. Mutual Advisors LLC raised its position in shares of NextEra Energy by 34.1% in the 4th quarter. Mutual Advisors LLC now owns 23,803 shares of the utilities provider’s stock valued at $1,699,000 after acquiring an additional 6,048 shares during the period. True North Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $3,015,000. Finally, Wesbanco Bank Inc. grew its holdings in NextEra Energy by 6.4% during the fourth quarter. Wesbanco Bank Inc. now owns 310,879 shares of the utilities provider’s stock valued at $22,287,000 after purchasing an additional 18,677 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Trading Up 5.3 %

NextEra Energy stock opened at $72.91 on Friday. The company has a market cap of $149.93 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. The firm has a 50-day moving average of $73.09 and a 200-day moving average of $77.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

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