Peterson Wealth Services Purchases 841 Shares of NextEra Energy, Inc. (NYSE:NEE)

Peterson Wealth Services raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,622 shares of the utilities provider’s stock after acquiring an additional 841 shares during the period. Peterson Wealth Services’ holdings in NextEra Energy were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $27,000. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $28,000. Quarry LP bought a new position in NextEra Energy during the third quarter worth $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the 3rd quarter valued at $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NEE shares. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $69.66 on Tuesday. The firm has a market cap of $143.25 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.42 and a beta of 0.58. The company has a 50 day moving average of $71.66 and a 200-day moving average of $77.03. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 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.