6,180 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by McHugh Group LLC

McHugh Group LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,180 shares of the utilities provider’s stock, valued at approximately $443,000.

Other large investors have also added to or reduced their stakes in the company. Silver Oak Securities Incorporated increased its holdings in shares of NextEra Energy by 255.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 22,029 shares of the utilities provider’s stock valued at $1,581,000 after acquiring an additional 15,831 shares in the last quarter. YANKCOM Partnership purchased a new stake in NextEra Energy during the 4th quarter valued at about $347,000. NovaPoint Capital LLC increased its stake in NextEra Energy by 3.2% during the 4th quarter. NovaPoint Capital LLC now owns 16,773 shares of the utilities provider’s stock valued at $1,202,000 after purchasing an additional 523 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in NextEra Energy by 2.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 26,033 shares of the utilities provider’s stock worth $1,866,000 after buying an additional 592 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its stake in shares of NextEra Energy by 2.4% in the fourth quarter. Tyche Wealth Partners LLC now owns 47,726 shares of the utilities provider’s stock worth $3,422,000 after buying an additional 1,101 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEE. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight 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 company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 1.0 %

NEE opened at $69.17 on Thursday. The firm’s 50 day simple moving average is $72.06 and its two-hundred day simple moving average is $77.07. The company has a market capitalization of $142.24 billion, a PE ratio of 20.52, a PEG ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.