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

Narwhal Capital Management boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,289 shares of the utilities provider’s stock after buying an additional 9,936 shares during the quarter. NextEra Energy makes up about 1.1% of Narwhal Capital Management’s investment portfolio, making the stock its 25th largest holding. Narwhal Capital Management’s holdings in NextEra Energy were worth $12,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Novare Capital Management LLC raised its holdings in NextEra Energy by 0.3% in the 4th quarter. Novare Capital Management LLC now owns 112,643 shares of the utilities provider’s stock worth $8,075,000 after purchasing an additional 356 shares during the period. MKT Advisors LLC increased its position in NextEra Energy by 13.5% in the fourth quarter. MKT Advisors LLC now owns 7,729 shares of the utilities provider’s stock worth $547,000 after buying an additional 919 shares in the last quarter. Harrell Investment Partners LLC raised its stake in shares of NextEra Energy by 13.4% in the fourth quarter. Harrell Investment Partners LLC now owns 34,458 shares of the utilities provider’s stock worth $2,470,000 after buying an additional 4,074 shares during the period. Clarendon Private LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $646,000. Finally, Embree Financial Group grew its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Embree Financial Group now owns 8,433 shares of the utilities provider’s stock valued at $605,000 after acquiring an additional 512 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 5.3 %

NYSE NEE opened at $72.91 on Monday. The stock has a 50 day moving average price of $73.02 and a 200-day moving average price of $77.16. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market capitalization of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NEE. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Eight equities research 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.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

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.