NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,128 shares of the utilities provider’s stock after purchasing an additional 2,664 shares during the period. Curbstone Financial Management Corp’s holdings in NextEra Energy were worth $1,801,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NEE. Geode Capital Management LLC raised its stake in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after acquiring an additional 86,758 shares during the last quarter. Nordea Investment Management AB raised its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after purchasing an additional 851,873 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.85.

Insiders Place Their Bets

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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NEE stock opened at $73.69 on Tuesday. The company has a 50-day simple moving average of $73.02 and a 200 day simple moving average of $77.19. The company has a market capitalization of $151.53 billion, a P/E ratio of 21.80, a PEG ratio of 2.29 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 fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly 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 net margin of 26.49% and a return on equity of 11.94%. Sell-side 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.