Ibex Wealth Advisors Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Ibex Wealth Advisors grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 1,408.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 106,376 shares of the utilities provider’s stock after acquiring an additional 99,326 shares during the period. NextEra Energy comprises 0.9% of Ibex Wealth Advisors’ investment portfolio, making the stock its 29th biggest holding. Ibex Wealth Advisors’ holdings in NextEra Energy were worth $7,626,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in NEE. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Burkett Financial Services LLC grew its holdings in shares of NextEra Energy by 1,229.6% in the fourth 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 in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy in the third quarter worth $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE traded up $0.52 during mid-day trading on Wednesday, reaching $71.06. 856,853 shares of the company’s stock were exchanged, compared to its average volume of 11,838,839. The business’s fifty day simple moving average is $72.83 and its 200-day simple moving average is $77.14. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock has a market capitalization of $146.12 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

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

Insider Activity at NextEra Energy

In other NextEra Energy 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday. Barclays increased their target price 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, Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Company 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.