Marino Stram & Associates LLC Purchases Shares of 2,833 NextEra Energy, Inc. (NYSE:NEE)

Marino Stram & Associates LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,833 shares of the utilities provider’s stock, valued at approximately $203,000.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research 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 report on Tuesday, October 22nd. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.15.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 3.4 %

NEE stock opened at $68.47 on Thursday. The firm has a market cap of $140.81 billion, a PE ratio of 20.26, a P/E/G ratio of 2.38 and a beta of 0.58. 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 firm’s fifty day moving average is $73.33 and its 200 day moving average is $77.24. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

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.