Relyea Zuckerberg Hanson LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

Relyea Zuckerberg Hanson LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,428 shares of the utilities provider’s stock after acquiring an additional 353 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in NextEra Energy were worth $604,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NEE. Edgestream Partners L.P. raised its holdings in NextEra Energy by 485.1% in the second quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider’s stock worth $1,301,000 after purchasing an additional 15,233 shares in the last quarter. E Fund Management Co. Ltd. purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $329,000. Mercer Global Advisors Inc. ADV increased its stake in shares of NextEra Energy by 3.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 260,770 shares of the utilities provider’s stock worth $18,465,000 after acquiring an additional 7,828 shares in the last quarter. Waterloo Capital L.P. lifted its position in NextEra Energy by 10.3% during the 2nd quarter. Waterloo Capital L.P. now owns 13,401 shares of the utilities provider’s stock valued at $949,000 after acquiring an additional 1,254 shares during the period. Finally, Somerset Group LLC boosted its stake in NextEra Energy by 0.3% during the second quarter. Somerset Group LLC now owns 52,184 shares of the utilities provider’s stock worth $3,695,000 after acquiring an additional 175 shares in the last quarter. 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 the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Guggenheim lifted their target price 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. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.15.

Check Out Our Latest Research Report on NextEra Energy

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.13 during trading on Friday, reaching $71.50. 2,157,649 shares of the company traded hands, compared to its average volume of 9,488,245. The firm has a 50 day simple moving average of $73.68 and a 200-day simple moving average of $77.20. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock has a market capitalization of $147.03 billion, a PE ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Profile

(Free Report)

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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