CGN Advisors LLC Purchases Shares of 3,407 NextEra Energy, Inc. (NYSE:NEE)

CGN Advisors LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,407 shares of the utilities provider’s stock, valued at approximately $244,000.

A number of other hedge funds have also made changes to their positions in the business. Nordea Investment Management AB boosted its holdings in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares in the last quarter. Swiss National Bank grew its position in shares of NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares during the last quarter. Czech National Bank raised its stake in NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after acquiring an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in NextEra Energy by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after acquiring an additional 9,425 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research analyst reports. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Trading Down 0.8 %

NYSE:NEE opened at $70.83 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a fifty day moving average price of $73.50 and a two-hundred day moving average price of $77.17. The stock has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (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 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

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.