Baugh & Associates LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Baugh & Associates LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,475 shares of the utilities provider’s stock after buying an additional 199 shares during the quarter. NextEra Energy makes up approximately 3.4% of Baugh & Associates LLC’s holdings, making the stock its 10th largest holding. Baugh & Associates LLC’s holdings in NextEra Energy were worth $6,517,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Burkett Financial Services LLC grew its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $27,000. Quarry LP bought a new position in shares of NextEra Energy in the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the third quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NEE shares. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to 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

NEE opened at $70.83 on Monday. The firm 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 business’s fifty day moving average is $73.50 and its 200-day moving average is $77.21. 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by corporate insiders.

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.