Farmers & Merchants Investments Inc. Has $8.66 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Farmers & Merchants Investments Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 120,769 shares of the utilities provider’s stock after buying an additional 10,842 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in NextEra Energy were worth $8,658,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after acquiring an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in NextEra Energy by 4,058.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB boosted its stake in 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 purchasing an additional 1,525,436 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates increased 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 buying an additional 851,873 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NEE shares. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 1.5 %

Shares of NYSE NEE opened at $68.24 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $140.33 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58. The firm has a 50 day moving average price of $71.66 and a 200 day moving average price of $76.98.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Company 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.