Naples Global Advisors LLC Purchases 1,351 Shares of NextEra Energy, Inc. (NYSE:NEE)

Naples Global Advisors LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,657 shares of the utilities provider’s stock after purchasing an additional 1,351 shares during the period. Naples Global Advisors LLC’s holdings in NextEra Energy were worth $6,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jmac Enterprises LLC raised its position in shares of NextEra Energy by 17.9% during the fourth quarter. Jmac Enterprises LLC now owns 7,002 shares of the utilities provider’s stock worth $502,000 after purchasing an additional 1,064 shares during the period. Great Lakes Retirement Inc. boosted its holdings in shares of NextEra Energy by 2.1% in the fourth quarter. Great Lakes Retirement Inc. now owns 11,063 shares of the utilities provider’s stock valued at $793,000 after buying an additional 230 shares during the period. Kentucky Trust Co bought a new stake in shares of NextEra Energy during the fourth quarter worth $901,000. Gladstone Institutional Advisory LLC raised its holdings in shares of NextEra Energy by 6.4% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 49,484 shares of the utilities provider’s stock worth $3,547,000 after acquiring an additional 2,998 shares during the period. Finally, Certuity LLC lifted its position in NextEra Energy by 2.8% in the 4th quarter. Certuity LLC now owns 8,429 shares of the utilities provider’s stock valued at $604,000 after acquiring an additional 229 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 1.5 %

NEE opened at $69.28 on Thursday. The stock’s fifty day simple moving average is $71.40 and its 200 day simple moving average is $76.97. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market cap of $142.47 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. 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 (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NEE shares. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI reduced their price target 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. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.85.

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.