Axecap Investments LLC Invests $3.04 Million in NextEra Energy, Inc. (NYSE:NEE)

Axecap Investments LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 42,376 shares of the utilities provider’s stock, valued at approximately $3,038,000. NextEra Energy comprises approximately 2.3% of Axecap Investments LLC’s portfolio, making the stock its 20th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $28,000. Quarry LP bought a new position in NextEra Energy during the 3rd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter valued at approximately $39,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Scotiabank raised 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. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Guggenheim raised their price objective on 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 stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Performance

NEE stock opened at $69.66 on Tuesday. The company has a market cap of $143.25 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.42 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 company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock’s fifty day moving average price is $71.66 and its 200-day moving average price is $77.03.

NextEra Energy (NYSE:NEE) last released its quarterly 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 return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

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.