Avitas Wealth Management LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Avitas Wealth Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,964 shares of the utilities provider’s stock after acquiring an additional 191 shares during the quarter. Avitas Wealth Management LLC’s holdings in NextEra Energy were worth $2,793,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Burkett Financial Services LLC grew its holdings in shares of NextEra Energy by 1,229.6% in the fourth 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 period. Reston Wealth Management LLC purchased a new position in NextEra Energy in the third quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Scotiabank boosted their target price 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. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $85.85.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $69.92 on Wednesday. The company has a market cap of $143.78 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.50 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 firm’s fifty day moving average is $72.40 and its two-hundred day moving average is $77.14.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) 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, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS 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.