Accel Wealth Management Purchases 145 Shares of NextEra Energy, Inc. (NYSE:NEE)

Accel Wealth Management grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,615 shares of the utilities provider’s stock after acquiring an additional 145 shares during the quarter. Accel Wealth Management’s holdings in NextEra Energy were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Wace LLP raised its position in NextEra Energy by 1,337.2% in the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of NextEra Energy during the second quarter valued at approximately $428,000. Daymark Wealth Partners LLC raised its holdings in shares of NextEra Energy by 11.2% in the second quarter. Daymark Wealth Partners LLC now owns 43,183 shares of the utilities provider’s stock worth $3,058,000 after buying an additional 4,352 shares during the period. MBB Public Markets I LLC lifted its stake in shares of NextEra Energy by 1,206.5% during the 2nd quarter. MBB Public Markets I LLC now owns 144,638 shares of the utilities provider’s stock worth $10,242,000 after acquiring an additional 133,567 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in NextEra Energy by 62.0% during the 2nd quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock valued at $61,392,000 after acquiring an additional 331,857 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased 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. Finally, Scotiabank lifted their price objective 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 given a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $72.91 on Friday. The firm’s fifty day simple moving average is $73.02 and its two-hundred day simple moving average is $77.12. The firm has a market capitalization of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Analysts forecast 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.