Catalina Capital Group LLC Purchases 269 Shares of NextEra Energy, Inc. (NYSE:NEE)

Catalina Capital Group LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,960 shares of the utilities provider’s stock after acquiring an additional 269 shares during the quarter. Catalina Capital Group LLC’s holdings in NextEra Energy were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Czech National Bank raised its holdings in shares of NextEra Energy by 6.9% during the 3rd quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock worth $35,378,000 after buying an additional 27,020 shares in the last quarter. Quent Capital LLC grew its position in NextEra Energy by 6.0% in the third quarter. Quent Capital LLC now owns 5,930 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 336 shares during the last quarter. Handelsbanken Fonder AB raised its stake in NextEra Energy by 5.0% during the third quarter. Handelsbanken Fonder AB now owns 348,721 shares of the utilities provider’s stock worth $29,477,000 after acquiring an additional 16,604 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NextEra Energy by 34.5% in the third quarter. GAMMA Investing LLC now owns 26,804 shares of the utilities provider’s stock worth $2,266,000 after acquiring an additional 6,880 shares during the last quarter. Finally, Cora Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $201,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Evercore ISI reduced their price target 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. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 0.5 %

Shares of NYSE NEE opened at $71.65 on Monday. The company’s 50 day moving average price is $72.51 and its 200-day moving average price is $77.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a market capitalization of $147.34 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results 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 net margin of 28.06% and a return on equity of 11.85%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy 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.