Stone Summit Wealth LLC Acquires 995 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stone Summit Wealth LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,215 shares of the utilities provider’s stock after acquiring an additional 995 shares during the period. Stone Summit Wealth LLC’s holdings in NextEra Energy were worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Reston Wealth Management LLC bought a new stake in NextEra Energy in the 3rd quarter worth approximately $27,000. Burkett Financial Services LLC boosted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $28,000. Quarry LP purchased a new stake in NextEra Energy during the third quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NEE shares. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Scotiabank lifted their price target 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. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $68.24 on Monday. The business has a 50-day moving average price of $71.66 and a 200-day moving average price of $77.02. The firm has a market cap of $140.33 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy 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.