McAdam LLC Acquires 663 Shares of NextEra Energy, Inc. (NYSE:NEE)

McAdam LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,952 shares of the utilities provider’s stock after buying an additional 663 shares during the quarter. McAdam LLC’s holdings in NextEra Energy were worth $355,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NEE. Czech National Bank increased its holdings in shares of NextEra Energy by 6.9% in the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock worth $35,378,000 after buying an additional 27,020 shares during the period. Quent Capital LLC increased its stake in NextEra Energy by 6.0% in the 3rd quarter. Quent Capital LLC now owns 5,930 shares of the utilities provider’s stock worth $501,000 after purchasing an additional 336 shares during the period. Handelsbanken Fonder AB lifted its position in NextEra Energy by 5.0% in the third quarter. Handelsbanken Fonder AB now owns 348,721 shares of the utilities provider’s stock valued at $29,477,000 after purchasing an additional 16,604 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of NextEra Energy by 34.5% during the third quarter. GAMMA Investing LLC now owns 26,804 shares of the utilities provider’s stock valued at $2,266,000 after purchasing an additional 6,880 shares during the period. Finally, Cora Capital Advisors LLC bought a new position in shares of NextEra Energy in the third quarter worth approximately $201,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NEE opened at $71.65 on Monday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm’s 50-day simple moving average is $72.51 and its two-hundred day simple moving average is $77.10. The stock has a market cap 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. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

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.