Crews Bank & Trust Purchases New Stake in NextEra Energy, Inc. (NYSE:NEE)

Crews Bank & Trust acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,159 shares of the utilities provider’s stock, valued at approximately $1,589,000.

Several other institutional investors also recently bought and sold shares of the business. Tandem Capital Management Corp ADV grew its position in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after acquiring an additional 125 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its stake in shares of NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after purchasing an additional 126 shares during the period. Insight Folios Inc grew its holdings in NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after buying an additional 128 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after buying an additional 130 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.6 %

NYSE NEE opened at $70.95 on Thursday. 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, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a 50-day simple moving average of $72.83 and a 200-day simple moving average of $77.14. The firm has a market capitalization of $145.90 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its 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%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.85.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

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.