Spring Capital Management LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Spring Capital Management LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 79,035 shares of the utilities provider’s stock after buying an additional 6,736 shares during the quarter. NextEra Energy makes up approximately 3.4% of Spring Capital Management LLC’s portfolio, making the stock its 12th biggest position. Spring Capital Management LLC’s holdings in NextEra Energy were worth $5,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Edgestream Partners L.P. lifted its position in NextEra Energy by 485.1% in the second quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider’s stock valued at $1,301,000 after buying an additional 15,233 shares during the last quarter. Brighton Jones LLC raised its stake in shares of NextEra Energy by 1.2% in the 2nd quarter. Brighton Jones LLC now owns 30,219 shares of the utilities provider’s stock valued at $2,140,000 after acquiring an additional 370 shares during the period. Ieq Capital LLC lifted its holdings in shares of NextEra Energy by 27.4% in the 2nd quarter. Ieq Capital LLC now owns 74,202 shares of the utilities provider’s stock worth $5,254,000 after acquiring an additional 15,948 shares during the last quarter. Wealth Advisors of Tampa Bay LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $1,359,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in NextEra Energy by 4.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 229,844 shares of the utilities provider’s stock valued at $16,275,000 after purchasing an additional 9,440 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other 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 value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Barclays raised 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 note on Friday, October 25th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.83 on Friday. The stock has a market cap of $145.66 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The company has a fifty day simple moving average of $73.62 and a 200-day simple moving average of $77.16. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal 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.