Kathmere Capital Management LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,618 shares of the utilities provider’s stock after buying an additional 538 shares during the quarter. Kathmere Capital Management LLC’s holdings in NextEra Energy were worth $403,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Reston Wealth Management LLC bought a new position in NextEra Energy in the third quarter valued at approximately $27,000. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the period. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Quarry LP acquired a new position in NextEra Energy in the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter worth about $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Price Performance
NYSE:NEE opened at $71.39 on Friday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. 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 firm’s 50-day simple moving average is $73.68 and its 200 day simple moving average is $77.20. The firm has a market cap of $146.81 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58.
Wall Street Analyst Weigh In
Several research firms have recently weighed in 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 report on Thursday, December 12th. BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $87.15.
Check Out Our Latest Stock Analysis on NextEra Energy
Insider Activity at NextEra Energy
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 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 the SEC website. 0.18% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than NextEra Energy
- Manufacturing Stocks Investing
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- How to Use the MarketBeat Excel Dividend Calculator
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- Short Selling: How to Short a Stock
- Micron Technology: Riding the AI Wave to Long-Term Growth
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.