RNC Capital Management LLC Purchases Shares of 2,934 NextEra Energy, Inc. (NYSE:NEE)

RNC Capital Management LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,934 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Wedmont Private Capital lifted its holdings in shares of NextEra Energy by 15.4% during the third quarter. Wedmont Private Capital now owns 14,722 shares of the utilities provider’s stock worth $1,182,000 after buying an additional 1,968 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of NextEra Energy by 4.4% during the third quarter. Pinnacle Bancorp Inc. now owns 4,711 shares of the utilities provider’s stock worth $398,000 after buying an additional 200 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of NextEra Energy by 72,930.1% during the third quarter. Contravisory Investment Management Inc. now owns 89,827 shares of the utilities provider’s stock worth $7,593,000 after buying an additional 89,704 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $331,000. Finally, Franklin Street Advisors Inc. NC lifted its holdings in shares of NextEra Energy by 3.2% during the third quarter. Franklin Street Advisors Inc. NC now owns 12,435 shares of the utilities provider’s stock worth $1,051,000 after buying an additional 386 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $68.24 on Friday. The stock has a market cap of $140.33 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock’s 50-day moving average is $71.87 and its 200-day moving average is $77.02. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEEGet Free Report) 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%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

Read Our Latest Research Report on NEE

About NextEra Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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