Aaron Wealth Advisors LLC Purchases 835 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aaron Wealth Advisors LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,092 shares of the utilities provider’s stock after buying an additional 835 shares during the period. Aaron Wealth Advisors LLC’s holdings in NextEra Energy were worth $580,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Bowman & Co S.C. boosted its holdings in shares of NextEra Energy by 7.8% in the 4th quarter. Bowman & Co S.C. now owns 12,157 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 875 shares in the last quarter. Smith Salley Wealth Management lifted its position in shares of NextEra Energy by 0.6% during the 4th quarter. Smith Salley Wealth Management now owns 293,007 shares of the utilities provider’s stock worth $21,006,000 after buying an additional 1,865 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in NextEra Energy by 40.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 42,393 shares of the utilities provider’s stock valued at $3,039,000 after buying an additional 12,216 shares in the last quarter. HB Wealth Management LLC grew its position in NextEra Energy by 3.1% in the fourth quarter. HB Wealth Management LLC now owns 170,426 shares of the utilities provider’s stock valued at $12,218,000 after acquiring an additional 5,174 shares during the last quarter. Finally, Financial & Tax Architects LLC raised its stake in NextEra Energy by 6.0% during the fourth quarter. Financial & Tax Architects LLC now owns 85,124 shares of the utilities provider’s stock worth $6,103,000 after acquiring an additional 4,786 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.8 %

NextEra Energy stock opened at $70.83 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $145.66 billion, a PE ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. The firm’s fifty day moving average is $73.50 and its 200 day moving average is $77.21. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 26.49% and a return on equity of 11.94%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NEE. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.15.

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.