Howland Capital Management LLC Acquires 2,965 Shares of NextEra Energy, Inc. (NYSE:NEE)

Howland Capital Management LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 59.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,974 shares of the utilities provider’s stock after purchasing an additional 2,965 shares during the quarter. Howland Capital Management LLC’s holdings in NextEra Energy were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benedict Financial Advisors Inc. grew its position in NextEra Energy by 3.0% in the fourth quarter. Benedict Financial Advisors Inc. now owns 18,566 shares of the utilities provider’s stock worth $1,331,000 after acquiring an additional 540 shares in the last quarter. Richard C. Young & CO. LTD. boosted its holdings in shares of NextEra Energy by 3.8% in the 4th quarter. Richard C. Young & CO. LTD. now owns 94,620 shares of the utilities provider’s stock worth $6,783,000 after purchasing an additional 3,483 shares during the period. Birch Hill Investment Advisors LLC increased its position in shares of NextEra Energy by 4.9% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 74,076 shares of the utilities provider’s stock valued at $5,311,000 after purchasing an additional 3,438 shares during the last quarter. Entropy Technologies LP purchased a new stake in NextEra Energy during the 4th quarter valued at $6,431,000. Finally, Empowered Funds LLC lifted its position in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other 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 value of $302,808.99. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE stock opened at $68.24 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business has a 50-day moving average price of $71.66 and a 200 day moving average price of $77.02. The company has a market capitalization of $140.33 billion, a P/E ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NEE. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI decreased 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 note on Monday, January 27th. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target 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.