Vantage Investment Partners LLC Purchases 5,802 Shares of NextEra Energy, Inc. (NYSE:NEE)

Vantage Investment Partners LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 172,530 shares of the utilities provider’s stock after purchasing an additional 5,802 shares during the period. Vantage Investment Partners LLC’s holdings in NextEra Energy were worth $12,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at $27,000. Burkett Financial Services LLC grew its stake in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth about $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy during the 3rd quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 1.2 %

NYSE:NEE opened at $73.69 on Tuesday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company’s 50-day simple moving average is $73.02 and its 200 day simple moving average is $77.19. The firm has a market capitalization of $151.53 billion, a P/E ratio of 21.80, a PEG ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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%. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on NEE shares. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday. Finally, Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.85.

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.