Pennsylvania Capital Management Inc. ADV Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Pennsylvania Capital Management Inc. ADV boosted its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 12.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,659 shares of the utilities provider’s stock after acquiring an additional 1,371 shares during the quarter. Pennsylvania Capital Management Inc. ADV’s holdings in NextEra Energy were worth $907,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after purchasing an additional 820,704 shares during the period. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after buying an additional 86,758 shares during the period. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after acquiring an additional 452,590 shares during the period. Finally, Raymond James & Associates raised its stake in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI lowered 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, January 27th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight 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, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.85.

Check Out Our Latest Stock Analysis on NEE

NextEra Energy Stock Performance

Shares of NEE stock opened at $71.11 on Tuesday. The firm has a market cap of $146.23 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock’s 50-day moving average is $72.51 and its two-hundred day moving average is $77.14. 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 (NYSE:NEEGet Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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