Avestar Capital LLC Acquires 1,092 Shares of NextEra Energy, Inc. (NYSE:NEE)

Avestar Capital LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,692 shares of the utilities provider’s stock after acquiring an additional 1,092 shares during the period. Avestar Capital LLC’s holdings in NextEra Energy were worth $838,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NEE. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after buying an additional 86,758 shares in the last quarter. Nordea Investment Management AB lifted 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 buying an additional 1,525,436 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after buying an additional 452,590 shares in the last quarter. Finally, Raymond James & Associates grew its position in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0 %

NYSE NEE opened at $68.61 on Friday. The stock has a market capitalization of $141.10 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a fifty day moving average of $71.27 and a 200-day moving average of $76.92.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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 return on equity of 11.85% and a net margin of 28.06%. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank boosted their price target 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. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.85.

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.