NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Valley National Advisers Inc.

Valley National Advisers Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,223 shares of the utilities provider’s stock after acquiring an additional 369 shares during the quarter. Valley National Advisers Inc.’s holdings in NextEra Energy were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its position in NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after buying an additional 2,309,876 shares during the period. Nordea Investment Management AB grew its holdings in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares during the last quarter. National Bank of Canada FI increased its position in NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after acquiring an additional 1,369,689 shares during the period. Finally, Raymond James & Associates raised its stake in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NEE shares. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Barclays boosted 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 note on Friday, October 25th. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Royal Bank of Canada cut 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.85.

Insider Transactions at NextEra Energy

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 transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $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 this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 0.5 %

NYSE:NEE opened at $71.65 on Monday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $72.51 and a 200-day simple moving average of $77.10. The company has a market capitalization of $147.34 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share 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.