Stratos Wealth Partners LTD. Purchases 1,781 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stratos Wealth Partners LTD. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,933 shares of the utilities provider’s stock after acquiring an additional 1,781 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in NextEra Energy were worth $5,946,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NEE. Avitas Wealth Management LLC boosted its holdings in NextEra Energy by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 38,964 shares of the utilities provider’s stock worth $2,793,000 after purchasing an additional 191 shares during the last quarter. Tanager Wealth Management LLP lifted its position in NextEra Energy by 6.6% during the 4th quarter. Tanager Wealth Management LLP now owns 3,390 shares of the utilities provider’s stock worth $242,000 after buying an additional 209 shares in the last quarter. Ninety One North America Inc. lifted its position in NextEra Energy by 7.2% during the 4th quarter. Ninety One North America Inc. now owns 341,823 shares of the utilities provider’s stock worth $24,505,000 after buying an additional 22,841 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of NextEra Energy by 4.9% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16,050 shares of the utilities provider’s stock worth $1,151,000 after buying an additional 751 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV grew its holdings in shares of NextEra Energy by 12.1% in the 4th quarter. Pennsylvania Capital Management Inc. ADV now owns 12,659 shares of the utilities provider’s stock valued at $907,000 after acquiring an additional 1,371 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s 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 approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NEE. Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley increased their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. 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 report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Down 1.0 %

NextEra Energy stock opened at $69.17 on Thursday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a market cap 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. The company’s 50-day moving average price is $72.25 and its two-hundred day moving average price is $77.13. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.