Patron Partners LLC Acquires 187 Shares of NextEra Energy, Inc. (NYSE:NEE)

Patron Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the 4th quarter, Holdings Channel reports. The fund owned 13,751 shares of the utilities provider’s stock after buying an additional 187 shares during the quarter. Patron Partners LLC’s holdings in NextEra Energy were worth $986,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Czech National Bank boosted its holdings in shares of NextEra Energy by 6.9% during the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock worth $35,378,000 after acquiring an additional 27,020 shares during the period. GAMMA Investing LLC raised its stake in NextEra Energy by 34.5% in the 3rd quarter. GAMMA Investing LLC now owns 26,804 shares of the utilities provider’s stock worth $2,266,000 after purchasing an additional 6,880 shares in the last quarter. Cora Capital Advisors LLC bought a new position in shares of NextEra Energy during the third quarter worth approximately $201,000. Diversified Trust Co lifted its position in shares of NextEra Energy by 12.5% during the 3rd quarter. Diversified Trust Co now owns 30,802 shares of the utilities provider’s stock valued at $2,604,000 after acquiring an additional 3,417 shares during the period. Finally, Smith Anglin Financial LLC raised its stake in NextEra Energy by 8.0% in the third quarter. Smith Anglin Financial LLC now owns 3,721 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NEE shares. Scotiabank lifted 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. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.6 %

Shares of NEE stock opened at $71.11 on Tuesday. The company has a market capitalization of $146.23 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.50 and a beta of 0.58. The company has a 50-day simple moving average of $72.51 and a two-hundred day simple moving average of $77.14. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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

About NextEra Energy

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.