Embree Financial Group Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Embree Financial Group increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,433 shares of the utilities provider’s stock after buying an additional 512 shares during the period. Embree Financial Group’s holdings in NextEra Energy were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Tandem Capital Management Corp ADV increased its stake in shares of NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after acquiring an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC boosted its holdings in NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after purchasing an additional 126 shares during the last quarter. Insight Folios Inc grew its position in NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares during the period. Osborne Partners Capital Management LLC raised its stake in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after buying an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in shares of NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after buying an additional 130 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets lifted 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. Scotiabank lifted their target price 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 increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Trading Up 5.3 %

NEE stock opened at $72.91 on Friday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s 50-day moving average is $73.02 and its 200 day moving average is $77.12. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a market cap of $149.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

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.