Berry Wealth Group LP Has $1.30 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Berry Wealth Group LP decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 18,092 shares of the utilities provider’s stock after selling 227 shares during the period. NextEra Energy accounts for 2.0% of Berry Wealth Group LP’s investment portfolio, making the stock its 29th biggest holding. Berry Wealth Group LP’s holdings in NextEra Energy were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its position 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. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the third quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

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 shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NEE. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley upped 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. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report 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, NextEra Energy presently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $71.65 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $147.34 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 2.48 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm’s 50-day moving average price is $72.51 and its two-hundred day moving average price is $77.06.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting 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, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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.