Pine Haven Investment Counsel Inc Has $428,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Pine Haven Investment Counsel Inc raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,965 shares of the utilities provider’s stock after purchasing an additional 430 shares during the period. Pine Haven Investment Counsel Inc’s holdings in NextEra Energy were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. King Luther Capital Management Corp boosted its position in shares of NextEra Energy by 4.9% in the 2nd quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider’s stock worth $1,284,000 after purchasing an additional 844 shares during the last quarter. AE Wealth Management LLC boosted its stake in NextEra Energy by 9.8% during the 2nd quarter. AE Wealth Management LLC now owns 70,781 shares of the utilities provider’s stock worth $5,012,000 after acquiring an additional 6,340 shares during the last quarter. Pacer Advisors Inc. grew its holdings in NextEra Energy by 5.9% during the second quarter. Pacer Advisors Inc. now owns 144,874 shares of the utilities provider’s stock valued at $10,259,000 after purchasing an additional 8,061 shares during the period. Summit Trail Advisors LLC raised its holdings in NextEra Energy by 1.4% in the second quarter. Summit Trail Advisors LLC now owns 24,264 shares of the utilities provider’s stock worth $1,718,000 after purchasing an additional 343 shares during the period. Finally, Merriman Wealth Management LLC bought a new position in shares of NextEra Energy during the second quarter worth $206,000. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Barclays upped their price target 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. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Trading Down 0.8 %

Shares of NextEra Energy stock opened at $70.83 on Monday. The stock has a market cap of $145.66 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s 50 day moving average is $73.50 and its 200-day moving average is $77.21.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

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.