ARS Investment Partners LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

ARS Investment Partners LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 35.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,258 shares of the utilities provider’s stock after purchasing an additional 1,384 shares during the period. ARS Investment Partners LLC’s holdings in NextEra Energy were worth $377,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy in the third quarter valued at approximately $27,000. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Finally, Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.8 %

NYSE:NEE opened at $70.83 on Tuesday. The firm has a market cap of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The stock has a fifty day moving average price of $73.50 and a 200 day moving average price of $77.25. 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 released 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 during 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% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on NEE. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Scotiabank raised 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. Finally, BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price 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.