Cyndeo Wealth Partners LLC Purchases 9,186 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cyndeo Wealth Partners LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,868 shares of the utilities provider’s stock after acquiring an additional 9,186 shares during the period. Cyndeo Wealth Partners LLC’s holdings in NextEra Energy were worth $8,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Burkett Financial Services LLC grew its stake in shares of 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 purchased a new stake in NextEra Energy in the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NEE shares. 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. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $72.91 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm’s 50-day moving average is $73.02 and its 200 day moving average is $77.12. The stock has a market cap of $149.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 15,792 shares in the company, 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 legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

About NextEra Energy

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.