Stonebridge Financial Group LLC Purchases New Shares in NextEra Energy, Inc. (NYSE:NEE)

Stonebridge Financial Group LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 57,847 shares of the utilities provider’s stock, valued at approximately $4,147,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter worth about $27,000. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in NextEra Energy during the third quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NEE shares. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Up 2.0 %

NYSE:NEE opened at $69.66 on Tuesday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market cap of $143.25 billion, a PE ratio of 20.67, a P/E/G ratio of 2.42 and a beta of 0.58. The firm’s 50 day simple moving average is $71.66 and its 200 day simple moving average is $77.03.

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

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.