By otakuyassine3@gmail.com 
Charles Schwab Trust Co increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,619 shares of the utilities provider’s stock after acquiring an additional 170 shares during the quarter. Charles Schwab Trust Co’s holdings in NextEra Energy were worth $546,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. King Luther Capital Management Corp boosted its holdings in shares of NextEra Energy by 4.9% during the second quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider’s stock worth $1,284,000 after acquiring an additional 844 shares during the period. Pacer Advisors Inc. grew its position in shares of NextEra Energy by 5.9% during the 2nd quarter. Pacer Advisors Inc. now owns 144,874 shares of the utilities provider’s stock worth $10,259,000 after purchasing an additional 8,061 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of NextEra Energy by 107.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock worth $640,000 after purchasing an additional 4,344 shares during the period. DRW Securities LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $1,042,000. Finally, Cyrus J. Lawrence LLC boosted its stake in shares of NextEra Energy by 0.4% in the second quarter. Cyrus J. Lawrence LLC now owns 117,710 shares of the utilities provider’s stock valued at $8,335,000 after buying an additional 443 shares during the period. Institutional investors own 78.72% of the company’s stock.
Insider Buying and Selling
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.
NextEra Energy Stock Down 0.8 %
NextEra Energy stock opened at $70.83 on Tuesday. The company has a market capitalization of $145.66 billion, a PE ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm’s fifty day moving average is $73.50 and its 200 day moving average is $77.25. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on NEE. 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 note on Thursday, December 12th. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.15.
Get Our Latest Stock Report on NEE
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.
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