W.H. Cornerstone Investments Inc. Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

W.H. Cornerstone Investments Inc. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 84.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,956 shares of the utilities provider’s stock after acquiring an additional 4,105 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in NextEra Energy were worth $642,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEE. Burkett Financial Services LLC raised its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP bought a new position in shares of NextEra Energy in the third quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their price target 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 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.com, the stock presently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $68.61 on Friday. The firm has a market capitalization of $141.10 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock’s fifty day moving average is $71.27 and its two-hundred day moving average is $76.92. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

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