Cvfg LLC Makes New $797,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

Cvfg LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 11,114 shares of the utilities provider’s stock, valued at approximately $797,000.

A number of other hedge funds have also made changes to their positions in the stock. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Burkett Financial Services LLC lifted its position in shares of NextEra Energy by 1,229.6% during 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 acquired a new position in NextEra Energy in the third quarter worth about $27,000. Quarry LP bought a new stake in NextEra Energy in the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.0 %

Shares of NEE stock opened at $71.39 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a market capitalization of $146.81 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The stock has a fifty day moving average of $73.68 and a two-hundred day moving average of $77.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank raised 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. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.15.

Get Our Latest Stock Report on NextEra Energy

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

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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