7,108 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,108 shares of the utilities provider’s stock, valued at approximately $510,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tandem Capital Management Corp ADV increased its position in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after buying an additional 125 shares during the period. Insight Folios Inc grew its position in NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC increased its holdings in NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after buying an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC lifted its stake in shares of NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after buying an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after acquiring an additional 130 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 owns 15,792 shares in the company, 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 company insiders.

NextEra Energy Stock Up 1.2 %

Shares of NEE stock opened at $73.69 on Tuesday. The firm has a market capitalization of $151.53 billion, a PE ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 0.58. The stock’s 50-day simple moving average is $73.02 and its 200-day simple moving average is $77.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays boosted their price objective 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. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Finally, Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $85.85.

About NextEra Energy

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.