Richard C. Young & CO. LTD. Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Richard C. Young & CO. LTD. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,620 shares of the utilities provider’s stock after purchasing an additional 3,483 shares during the period. Richard C. Young & CO. LTD.’s holdings in NextEra Energy were worth $6,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy in the third quarter worth $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now directly owns 15,792 shares in the company, 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 accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NEE. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley raised their price target 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 cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

NYSE NEE opened at $68.24 on Friday. The stock has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business’s fifty day moving average price is $71.66 and its 200-day moving average price is $76.98.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Company 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.