Quilter Plc Has $52.60 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Quilter Plc boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 733,675 shares of the utilities provider’s stock after purchasing an additional 111,504 shares during the quarter. Quilter Plc’s holdings in NextEra Energy were worth $52,597,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Reston Wealth Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth $27,000. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter worth $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.5 %

Shares of NEE opened at $68.24 on Monday. The firm has a market cap of $140.33 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58. The stock has a 50 day simple moving average of $71.66 and a two-hundred day simple moving average of $77.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note 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. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.85.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on 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 owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

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.