NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Smith Salley Wealth Management

Smith Salley Wealth Management boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 293,007 shares of the utilities provider’s stock after purchasing an additional 1,865 shares during the period. NextEra Energy accounts for about 1.3% of Smith Salley Wealth Management’s portfolio, making the stock its 20th biggest position. Smith Salley Wealth Management’s holdings in NextEra Energy were worth $21,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nordea Investment Management AB lifted its holdings in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after buying an additional 26,270 shares during the last quarter. Swiss National Bank raised its position in NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares during the last quarter. Czech National Bank lifted its stake in shares of NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after acquiring an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after acquiring an additional 9,425 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NEE. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Performance

Shares of NEE opened at $70.83 on Friday. The company has a 50-day moving average of $73.50 and a two-hundred day moving average of $77.17. The stock has a market cap of $145.66 billion, a P/E ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

About NextEra Energy

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.