HB Wealth Management LLC Has $12.22 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

HB Wealth Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,426 shares of the utilities provider’s stock after acquiring an additional 5,174 shares during the period. HB Wealth Management LLC’s holdings in NextEra Energy were worth $12,218,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Financial & Tax Architects LLC grew its stake in shares of NextEra Energy by 6.0% in the fourth quarter. Financial & Tax Architects LLC now owns 85,124 shares of the utilities provider’s stock valued at $6,103,000 after acquiring an additional 4,786 shares in the last quarter. Trust Co. of Vermont grew its position in shares of NextEra Energy by 2.8% during the 4th quarter. Trust Co. of Vermont now owns 377,120 shares of the utilities provider’s stock worth $27,036,000 after purchasing an additional 10,312 shares in the last quarter. CGN Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $244,000. Sanibel Captiva Trust Company Inc. raised its position in shares of NextEra Energy by 0.4% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 263,186 shares of the utilities provider’s stock valued at $18,868,000 after buying an additional 1,170 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its stake in shares of NextEra Energy by 65.7% in the fourth quarter. Howard Financial Services LTD. now owns 5,220 shares of the utilities provider’s stock valued at $374,000 after buying an additional 2,070 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NEE shares. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Trading Down 0.8 %

Shares of NEE stock traded down $0.54 during trading hours on Friday, hitting $70.83. 12,662,751 shares of the company’s stock traded hands, compared to its average volume of 7,419,646. The company has a quick ratio of 0.33, a current ratio of 0.41 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. The stock has a market cap of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The stock’s 50 day simple moving average is $73.62 and its 200 day simple moving average is $77.16.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.