NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Strategic Planning Group LLC

Strategic Planning Group LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 51,152 shares of the utilities provider’s stock after purchasing an additional 2,459 shares during the quarter. Strategic Planning Group LLC’s holdings in NextEra Energy were worth $3,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Regal Investment Advisors LLC raised its stake in NextEra Energy by 11.0% during the second quarter. Regal Investment Advisors LLC now owns 3,503 shares of the utilities provider’s stock valued at $248,000 after buying an additional 346 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $316,000. 3Chopt Investment Partners LLC bought a new position in NextEra Energy during the second quarter worth $394,000. Cetera Investment Advisers boosted its holdings in NextEra Energy by 7.4% in the second quarter. Cetera Investment Advisers now owns 575,209 shares of the utilities provider’s stock worth $40,731,000 after purchasing an additional 39,522 shares during the period. Finally, Farmers National Bank increased its stake in NextEra Energy by 2.0% during the second quarter. Farmers National Bank now owns 63,742 shares of the utilities provider’s stock valued at $4,514,000 after purchasing an additional 1,251 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.6 %

Shares of NYSE:NEE opened at $70.95 on Thursday. The company has a 50 day moving average of $72.83 and a 200-day moving average of $77.14. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market cap of $145.90 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting 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 anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NEE shares. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price 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.