8,014 Shares in NextEra Energy, Inc. $NEE Purchased by National Wealth Management Group LLC

National Wealth Management Group LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the third quarter, Holdings Channel reports. The fund bought 8,014 shares of the utilities provider’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management boosted its position in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at $25,000. Finally, Quaker Wealth Management LLC grew its position in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 price target on shares of NextEra Energy in a report on Wednesday. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. Finally, HSBC boosted their price objective on NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.94.

Insider Buying and Selling at NextEra Energy

In related news, EVP Ronald R. Reagan sold 10,826 shares of NextEra Energy stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total value of $920,210.00. Following the transaction, the executive vice president owned 15,643 shares in the company, valued at $1,329,655. This trade represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $84.84 on Monday. The stock’s 50-day moving average is $82.25 and its 200 day moving average is $78.64. The stock has a market cap of $176.69 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.63 and a beta of 0.74. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.