Relyea Zuckerberg Hanson LLC Buys 353 Shares of NextEra Energy, Inc. (NYSE:NEE)

Relyea Zuckerberg Hanson LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,428 shares of the utilities provider’s stock after buying an additional 353 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in NextEra Energy were worth $604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Edgestream Partners L.P. increased its holdings in shares of NextEra Energy by 485.1% in the second quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider’s stock worth $1,301,000 after purchasing an additional 15,233 shares during the period. E Fund Management Co. Ltd. bought a new position in NextEra Energy in the 2nd quarter worth about $329,000. Mercer Global Advisors Inc. ADV boosted its position in shares of NextEra Energy by 3.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 260,770 shares of the utilities provider’s stock valued at $18,465,000 after acquiring an additional 7,828 shares during the last quarter. Waterloo Capital L.P. grew its holdings in shares of NextEra Energy by 10.3% during the second quarter. Waterloo Capital L.P. now owns 13,401 shares of the utilities provider’s stock worth $949,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Somerset Group LLC increased its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Somerset Group LLC now owns 52,184 shares of the utilities provider’s stock worth $3,695,000 after buying an additional 175 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 0.2 %

NextEra Energy stock traded up $0.13 during trading hours on Friday, reaching $71.50. The stock had a trading volume of 2,157,649 shares, compared to its average volume of 9,488,245. The company has a fifty day simple moving average of $73.68 and a 200-day simple moving average of $77.20. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market cap of $147.03 billion, a PE ratio of 21.12, a PEG ratio of 2.26 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 posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Barclays upped 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 note on Friday, October 25th. Finally, Guggenheim lifted their target price 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target 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.