DGS Capital Management LLC Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

DGS Capital Management LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,206 shares of the utilities provider’s stock after purchasing an additional 262 shares during the quarter. DGS Capital Management LLC’s holdings in NextEra Energy were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cottonwood Capital Advisors LLC increased its stake in NextEra Energy by 18.9% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,681 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 586 shares in the last quarter. Gradient Investments LLC grew its holdings in NextEra Energy by 7.7% in the fourth quarter. Gradient Investments LLC now owns 369,512 shares of the utilities provider’s stock valued at $26,490,000 after purchasing an additional 26,388 shares during the last quarter. Curated Wealth Partners LLC increased its position in shares of NextEra Energy by 23.3% in the fourth quarter. Curated Wealth Partners LLC now owns 6,460 shares of the utilities provider’s stock valued at $463,000 after buying an additional 1,221 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of NextEra Energy by 334.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,302 shares of the utilities provider’s stock worth $93,000 after buying an additional 1,002 shares during the last quarter. Finally, CX Institutional grew its stake in NextEra Energy by 16.4% in the 4th quarter. CX Institutional now owns 10,112 shares of the utilities provider’s stock valued at $725,000 after acquiring an additional 1,421 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 5.3 %

NEE opened at $72.91 on Friday. The stock has a market capitalization of $149.93 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business has a 50-day moving average of $73.02 and a two-hundred day moving average of $77.12.

NextEra Energy (NYSE:NEE) last released 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 net margin of 26.49% and a return on equity of 11.94%. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This 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 hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.