Stokes Capital Advisors LLC Has $5.64 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Stokes Capital Advisors LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,725 shares of the utilities provider’s stock after selling 873 shares during the period. Stokes Capital Advisors LLC’s holdings in NextEra Energy were worth $5,644,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. King Luther Capital Management Corp grew its position in NextEra Energy by 4.9% during the 2nd quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider’s stock worth $1,284,000 after acquiring an additional 844 shares during the last quarter. AE Wealth Management LLC raised its holdings in NextEra Energy by 9.8% in the 2nd quarter. AE Wealth Management LLC now owns 70,781 shares of the utilities provider’s stock valued at $5,012,000 after buying an additional 6,340 shares during the last quarter. Pacer Advisors Inc. grew its holdings in NextEra Energy by 5.9% during the 2nd quarter. Pacer Advisors Inc. now owns 144,874 shares of the utilities provider’s stock worth $10,259,000 after acquiring an additional 8,061 shares during the last quarter. Summit Trail Advisors LLC increased its position in NextEra Energy by 1.4% in the 2nd quarter. Summit Trail Advisors LLC now owns 24,264 shares of the utilities provider’s stock valued at $1,718,000 after acquiring an additional 343 shares during the period. Finally, Merriman Wealth Management LLC bought a new position in shares of NextEra Energy during the second quarter valued at $206,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’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 value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NEE shares. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Trading Down 0.8 %

NYSE NEE opened at $70.83 on Monday. 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, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The business has a 50 day moving average price of $73.50 and a 200-day moving average price of $77.21. The company has a market cap of $145.66 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the company earned $0.94 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

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.