Oak Harvest Investment Services Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Oak Harvest Investment Services raised its position in NextEra Energy, Inc. (NYSE:NEE) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,369 shares of the utilities provider’s stock after buying an additional 3,289 shares during the quarter. Oak Harvest Investment Services’ holdings in NextEra Energy were worth $5,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. FSA Advisors Inc. purchased a new stake in NextEra Energy during the 4th quarter worth $295,000. Mediolanum International Funds Ltd grew its stake in shares of NextEra Energy by 233.9% in the fourth quarter. Mediolanum International Funds Ltd now owns 536,839 shares of the utilities provider’s stock valued at $38,429,000 after buying an additional 376,073 shares in the last quarter. Crews Bank & Trust acquired a new position in NextEra Energy during the 4th quarter worth approximately $1,589,000. Synergy Asset Management LLC boosted its holdings in NextEra Energy by 98.6% in the 4th quarter. Synergy Asset Management LLC now owns 11,415 shares of the utilities provider’s stock worth $892,000 after acquiring an additional 5,666 shares during the period. Finally, Strategic Planning Group LLC grew its position in NextEra Energy by 5.1% in the fourth quarter. Strategic Planning Group LLC now owns 51,152 shares of the utilities provider’s stock valued at $3,667,000 after acquiring an additional 2,459 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Scotiabank raised 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. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Guggenheim raised their price objective 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Up 0.6 %

NEE stock opened at $71.31 on Friday. The firm’s 50-day moving average is $72.72 and its two-hundred day moving average is $77.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $146.64 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. 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 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 return on equity of 11.85% and a net margin of 28.06%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

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.