RFG Advisory LLC Has $5.65 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

RFG Advisory LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,782 shares of the utilities provider’s stock after buying an additional 8,673 shares during the quarter. RFG Advisory LLC’s holdings in NextEra Energy were worth $5,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Neumann Capital Management LLC boosted its stake in NextEra Energy by 21.9% during the 4th quarter. Neumann Capital Management LLC now owns 6,134 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 1,100 shares during the last quarter. Brighton Jones LLC boosted its position in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the last quarter. Seneca House Advisors grew its holdings in NextEra Energy by 11.3% during the fourth quarter. Seneca House Advisors now owns 62,629 shares of the utilities provider’s stock worth $4,490,000 after buying an additional 6,380 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its position in NextEra Energy by 1.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 94,985 shares of the utilities provider’s stock valued at $6,809,000 after buying an additional 1,120 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in NextEra Energy by 34.1% during the 4th quarter. Mutual Advisors LLC now owns 23,803 shares of the utilities provider’s stock valued at $1,699,000 after acquiring an additional 6,048 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 1.0 %

Shares of NextEra Energy stock opened at $69.16 on Friday. The stock has a market capitalization of $142.21 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock’s 50-day simple moving average is $73.21 and its 200 day simple moving average is $77.17.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the firm earned $0.94 EPS. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research 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 stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Guggenheim increased 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. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus price target of $87.15.

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.