Cathy Pareto & Associates Inc. Invests $381,000 in NextEra Energy, Inc. (NYSE:NEE)

Cathy Pareto & Associates Inc. purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,310 shares of the utilities provider’s stock, valued at approximately $381,000.

Several other large investors have also recently added to or reduced their stakes in NEE. Drive Wealth Management LLC increased its holdings in NextEra Energy by 13.0% during the 4th quarter. Drive Wealth Management LLC now owns 6,024 shares of the utilities provider’s stock valued at $432,000 after purchasing an additional 692 shares in the last quarter. Narwhal Capital Management raised its holdings in shares of NextEra Energy by 6.3% in the fourth quarter. Narwhal Capital Management now owns 168,289 shares of the utilities provider’s stock valued at $12,065,000 after buying an additional 9,936 shares during the last quarter. Novare Capital Management LLC lifted its position in NextEra Energy by 0.3% during the 4th quarter. Novare Capital Management LLC now owns 112,643 shares of the utilities provider’s stock worth $8,075,000 after buying an additional 356 shares in the last quarter. MKT Advisors LLC grew its holdings in NextEra Energy by 13.5% during the 4th quarter. MKT Advisors LLC now owns 7,729 shares of the utilities provider’s stock worth $547,000 after acquiring an additional 919 shares during the last quarter. Finally, Harrell Investment Partners LLC increased its position in NextEra Energy by 13.4% in the 4th quarter. Harrell Investment Partners LLC now owns 34,458 shares of the utilities provider’s stock valued at $2,470,000 after acquiring an additional 4,074 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on NEE. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Scotiabank increased their price objective 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. Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Price Performance

NYSE NEE opened at $72.91 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. 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. The business has a 50 day simple moving average of $73.02 and a 200 day simple moving average of $77.16. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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

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.