By otakuyassine3@gmail.com 
Silver Oak Securities Incorporated raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 255.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,029 shares of the utilities provider’s stock after purchasing an additional 15,831 shares during the period. Silver Oak Securities Incorporated’s holdings in NextEra Energy were worth $1,581,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of NEE. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the third quarter worth $33,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. Institutional investors own 78.72% of the company’s stock.
Insiders Place Their Bets
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.
NextEra Energy Trading Down 0.0 %
Shares of NextEra Energy stock opened at $69.18 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two 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 company has a market capitalization of $142.25 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.50 and a beta of 0.58. The company has a fifty day moving average of $72.06 and a 200 day moving average of $77.07.
NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings data 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 return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have issued reports on NEE shares. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim raised 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. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.85.
Get Our Latest Stock Analysis on NextEra Energy
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.
Further Reading
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