NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by CX Institutional

CX Institutional increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,112 shares of the utilities provider’s stock after purchasing an additional 1,421 shares during the quarter. CX Institutional’s holdings in NextEra Energy were worth $725,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its position in NextEra Energy by 1,337.2% during the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after acquiring an additional 122,691 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of NextEra Energy by 62.0% in the 2nd quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock valued at $61,392,000 after purchasing an additional 331,857 shares during the last quarter. Susquehanna International Group Ltd. bought a new stake in NextEra Energy in the second quarter worth $407,000. Ninepoint Partners LP increased its position in NextEra Energy by 6.2% during the second quarter. Ninepoint Partners LP now owns 17,807 shares of the utilities provider’s stock worth $1,261,000 after buying an additional 1,039 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its holdings in NextEra Energy by 2.9% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 116,951 shares of the utilities provider’s stock valued at $8,281,000 after buying an additional 3,322 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NEE shares. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets lifted 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. Finally, Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

Shares of NEE stock opened at $72.91 on Friday. The company has a market capitalization of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a 50 day moving average of $73.02 and a two-hundred day moving average of $77.12.

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