NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,729 shares of the utilities provider’s stock after buying an additional 15,293 shares during the period. Perigon Wealth Management LLC’s holdings in NextEra Energy were worth $4,762,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in shares of NextEra Energy by 195.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 20,982 shares of the utilities provider’s stock worth $1,486,000 after buying an additional 13,886 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in NextEra Energy by 11.0% in the second quarter. Regal Investment Advisors LLC now owns 3,503 shares of the utilities provider’s stock worth $248,000 after acquiring an additional 346 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in NextEra Energy by 14.8% in the second quarter. Pathway Financial Advisers LLC now owns 11,755 shares of the utilities provider’s stock worth $831,000 after acquiring an additional 1,511 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in NextEra Energy in the second quarter valued at approximately $316,000. Finally, SPC Financial Inc. raised its position in shares of NextEra Energy by 39.0% during the 2nd quarter. SPC Financial Inc. now owns 10,071 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 2,828 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $70.50 on Wednesday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a market cap of $144.97 billion, a P/E ratio of 20.86, a PEG ratio of 2.29 and a beta of 0.58. The stock has a fifty day moving average price of $72.97 and a two-hundred day moving average price of $77.18. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NEE. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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. Finally, Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy 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.