NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,962 shares of the utilities provider’s stock after buying an additional 419 shares during the quarter. Money Concepts Capital Corp’s holdings in NextEra Energy were worth $1,001,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $27,000. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP purchased a new stake in NextEra Energy during the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy in the third quarter worth about $39,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.0 %

NextEra Energy stock opened at $69.17 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm’s fifty day simple moving average is $72.25 and its 200-day simple moving average is $77.13. The company has a market capitalization of $142.24 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NEE. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank increased their price objective 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. Finally, BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

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.