Mount Yale Investment Advisors LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Mount Yale Investment Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 200.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,348 shares of the utilities provider’s stock after acquiring an additional 47,562 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NextEra Energy were worth $5,115,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. McLean Asset Management Corp raised its holdings in NextEra Energy by 7.7% in the fourth quarter. McLean Asset Management Corp now owns 3,113 shares of the utilities provider’s stock worth $223,000 after buying an additional 223 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of NextEra Energy by 37.6% during the fourth quarter. Pacer Advisors Inc. now owns 210,113 shares of the utilities provider’s stock valued at $15,063,000 after acquiring an additional 57,372 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in NextEra Energy by 89.9% in the 4th quarter. Cornerstone Wealth Group LLC now owns 27,640 shares of the utilities provider’s stock worth $1,982,000 after acquiring an additional 13,086 shares during the last quarter. KBC Group NV lifted its position in NextEra Energy by 5.4% in the 4th quarter. KBC Group NV now owns 169,436 shares of the utilities provider’s stock valued at $12,147,000 after acquiring an additional 8,634 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in NextEra Energy during the 4th quarter valued at $3,015,000. 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 dated Tuesday, November 12th. The stock was 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 $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 5.3 %

NYSE:NEE opened at $72.91 on Monday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business has a fifty day moving average price of $73.02 and a 200-day moving average price of $77.19. The firm has a market capitalization of $149.93 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NEE shares. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. 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. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays increased their price objective 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, BMO Capital Markets lifted their target price 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average target price of $87.15.

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.