NextEra Energy, Inc. (NYSE:NEE) is SFE Investment Counsel’s 10th Largest Position

SFE Investment Counsel lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,528 shares of the utilities provider’s stock after selling 4,684 shares during the quarter. NextEra Energy accounts for about 2.3% of SFE Investment Counsel’s portfolio, making the stock its 10th largest position. SFE Investment Counsel’s holdings in NextEra Energy were worth $10,791,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Nordea Investment Management AB boosted its stake 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 purchasing an additional 1,525,436 shares during the period. Border to Coast Pensions Partnership Ltd boosted its stake in shares of NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares during the period. Swiss National Bank grew its holdings in shares of NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares during the last quarter. Czech National Bank increased its stake in NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after buying an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. lifted its holdings in NextEra Energy by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 9,425 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 1.5 %

Shares of NextEra Energy stock opened at $69.28 on Thursday. The firm’s 50 day moving average price is $71.27 and its 200-day moving average price is $76.92. 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, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a market cap of $142.47 billion, a P/E ratio of 20.56, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued 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%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NEE shares. Morgan Stanley upped their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy 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.