Hantz Financial Services Inc. Boosts Position in NextEra Energy, Inc. $NEE

Hantz Financial Services Inc. grew its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 92.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,840 shares of the utilities provider’s stock after buying an additional 10,969 shares during the quarter. Hantz Financial Services Inc.’s holdings in NextEra Energy were worth $1,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after purchasing an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares during the last quarter. Finally, Sax Wealth Advisors LLC lifted its stake in NextEra Energy by 14.8% in the 2nd quarter. Sax Wealth Advisors LLC now owns 19,262 shares of the utilities provider’s stock valued at $1,337,000 after buying an additional 2,480 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.9%

Shares of NYSE:NEE opened at $89.17 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $185.71 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.78 and a beta of 0.76. The stock’s 50-day moving average price is $82.81 and its two-hundred day moving average price is $79.40. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $90.69.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company’s revenue was up 20.7% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 204,586 shares of company stock valued at $17,474,707 over the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NEE. Morgan Stanley reissued an “overweight” rating and set a $104.00 price target on shares of NextEra Energy in a research report on Wednesday, January 21st. The Goldman Sachs Group increased their price objective on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a research report on Wednesday, January 14th. Barclays upped their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, TD Cowen started coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

Read Our Latest Stock Analysis on NextEra Energy

Trending Headlines about NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

NextEra Energy Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.