Global Wealth Management Investment Advisory Inc. Acquires 16,724 Shares of NextEra Energy, Inc. (NYSE:NEE)

Global Wealth Management Investment Advisory Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 68.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,096 shares of the utilities provider’s stock after buying an additional 16,724 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in NextEra Energy were worth $2,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Soltis Investment Advisors LLC increased its stake in NextEra Energy by 6.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 4,837 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 288 shares during the last quarter. Quilter Plc increased its position in shares of NextEra Energy by 17.9% during the 4th quarter. Quilter Plc now owns 733,675 shares of the utilities provider’s stock valued at $52,597,000 after purchasing an additional 111,504 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in NextEra Energy during the 4th quarter valued at $256,000. Ferguson Wellman Capital Management Inc. lifted its position in NextEra Energy by 0.4% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 77,417 shares of the utilities provider’s stock worth $5,550,000 after buying an additional 285 shares during the last quarter. Finally, Harbour Trust & Investment Management Co boosted its stake in NextEra Energy by 2.7% during the fourth quarter. Harbour Trust & Investment Management Co now owns 116,092 shares of the utilities provider’s stock worth $8,323,000 after buying an additional 3,105 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NEE shares. Guggenheim lifted their price target 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. Barclays upped their target price 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. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Down 1.5 %

NEE opened at $68.24 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market cap of $140.33 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a fifty day moving average price of $71.66 and a 200-day moving average price of $77.02.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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 28.06% and a return on equity of 11.85%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated 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. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.