Pennsylvania Capital Management Inc. ADV Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Pennsylvania Capital Management Inc. ADV grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,659 shares of the utilities provider’s stock after acquiring an additional 1,371 shares during the period. Pennsylvania Capital Management Inc. ADV’s holdings in NextEra Energy were worth $907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Czech National Bank lifted its stake in shares of NextEra Energy by 6.9% in the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after purchasing an additional 27,020 shares during the period. GAMMA Investing LLC raised its holdings in shares of NextEra Energy by 34.5% in the third quarter. GAMMA Investing LLC now owns 26,804 shares of the utilities provider’s stock worth $2,266,000 after acquiring an additional 6,880 shares during the last quarter. Cora Capital Advisors LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth about $201,000. Diversified Trust Co raised its holdings in NextEra Energy by 12.5% in 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 last quarter. Finally, Smith Anglin Financial LLC lifted its position in NextEra Energy by 8.0% during the third quarter. Smith Anglin Financial LLC now owns 3,721 shares of the utilities provider’s stock worth $315,000 after buying an additional 277 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.6 %

NEE opened at $71.11 on Tuesday. The firm has a market cap 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 firm’s 50-day simple moving average is $72.51 and its 200-day simple moving average is $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 twelve month low of $53.95 and a twelve month high of $86.10.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on NEE shares. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. 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. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy 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.