NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,050 shares of the utilities provider’s stock after buying an additional 751 shares during the period. Brown Lisle Cummings Inc.’s holdings in NextEra Energy were worth $1,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pennsylvania Capital Management Inc. ADV boosted its holdings in shares of NextEra Energy by 12.1% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 12,659 shares of the utilities provider’s stock valued at $907,000 after acquiring an additional 1,371 shares during the period. Robbins Farley increased its position in NextEra Energy by 91.9% in the 4th quarter. Robbins Farley now owns 69,878 shares of the utilities provider’s stock valued at $5,010,000 after acquiring an additional 33,456 shares during the period. Sloy Dahl & Holst LLC purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $205,000. Rockline Wealth Management LLC raised its stake in shares of NextEra Energy by 5.4% during the fourth quarter. Rockline Wealth Management LLC now owns 58,498 shares of the utilities provider’s stock worth $4,194,000 after purchasing an additional 2,988 shares during the last quarter. Finally, Flavin Financial Services Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,130,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on NEE. BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $71.11 on Tuesday. The business’s 50-day moving average price is $72.51 and its 200 day moving average price is $77.14. 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, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a market capitalization of $146.23 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released 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 net margin of 28.06% and a return on equity of 11.85%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction 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 trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

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.