Novare Capital Management LLC Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Novare Capital Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,643 shares of the utilities provider’s stock after acquiring an additional 356 shares during the period. Novare Capital Management LLC’s holdings in NextEra Energy were worth $8,075,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Burkett Financial Services LLC lifted its holdings in shares of 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 purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, 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 legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEE. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, 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 note on Thursday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Trading Up 5.3 %

Shares of NextEra Energy stock opened at $72.91 on Friday. The company has a 50-day moving average of $73.02 and a two-hundred day moving average of $77.12. The stock has a market cap of $149.93 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 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.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal 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.