Simon Quick Advisors LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Simon Quick Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,334 shares of the utilities provider’s stock after purchasing an additional 334 shares during the period. Simon Quick Advisors LLC’s holdings in NextEra Energy were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Semmax Financial Advisors Inc. increased its position 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 valued at $26,000 after acquiring an additional 225 shares during the last quarter. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $28,000. Finally, Quarry LP purchased a new stake in NextEra Energy in the third quarter valued at approximately $33,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 3.4 %

NYSE:NEE opened at $68.47 on Thursday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock’s 50 day simple moving average is $73.33 and its 200-day simple moving average is $77.24. The firm has a market cap of $140.81 billion, a P/E ratio of 20.26, a PEG ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company posted $0.94 EPS. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

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.