NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 424,668 shares of the utilities provider’s stock after acquiring an additional 13,478 shares during the period. NextEra Energy accounts for approximately 0.9% of Carnegie Investment Counsel’s investment portfolio, making the stock its 25th biggest holding. Carnegie Investment Counsel’s holdings in NextEra Energy were worth $30,444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. Border to Coast Pensions Partnership Ltd increased its position in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after buying an additional 26,270 shares during the period. Swiss National Bank lifted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares during the last quarter. Czech National Bank boosted its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after acquiring an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after acquiring an additional 9,425 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NEE shares. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. 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.com, the stock has an average rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Trading Up 3.0 %

Shares of NextEra Energy stock opened at $71.39 on Friday. The business has a fifty day simple moving average of $73.68 and a 200-day simple moving average of $77.20. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market cap of $146.81 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the business earned $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.