Soltis Investment Advisors LLC Buys 288 Shares of NextEra Energy, Inc. (NYSE:NEE)

Soltis Investment Advisors LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,837 shares of the utilities provider’s stock after purchasing an additional 288 shares during the period. Soltis Investment Advisors LLC’s holdings in NextEra Energy were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in NextEra Energy by 514.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after buying an additional 3,914 shares during the period. Procyon Advisors LLC raised its holdings in NextEra Energy by 2.4% in the third quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock worth $1,097,000 after purchasing an additional 306 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth approximately $45,000. Wesbanco Bank Inc. lifted its holdings in shares of NextEra Energy by 13.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock valued at $24,700,000 after purchasing an additional 34,464 shares during the last quarter. Finally, Creative Planning raised its position in shares of NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after purchasing an additional 19,698 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NEE shares. Barclays raised their price target 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. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Up 0.9 %

NEE stock opened at $70.36 on Wednesday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a market cap of $144.69 billion, a PE ratio of 20.88, a PEG ratio of 2.42 and a beta of 0.58. The firm’s 50 day moving average price is $71.52 and its 200-day moving average price is $77.00. 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 (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.