Boomfish Wealth Group LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Boomfish Wealth Group LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,924 shares of the utilities provider’s stock after buying an additional 1,545 shares during the quarter. Boomfish Wealth Group LLC’s holdings in NextEra Energy were worth $1,500,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Oak Harvest Investment Services raised its stake in shares of NextEra Energy by 4.6% in the 4th quarter. Oak Harvest Investment Services now owns 75,369 shares of the utilities provider’s stock valued at $5,403,000 after acquiring an additional 3,289 shares during the period. FSA Advisors Inc. purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $295,000. Mediolanum International Funds Ltd lifted its stake in NextEra Energy by 233.9% during the fourth quarter. Mediolanum International Funds Ltd now owns 536,839 shares of the utilities provider’s stock worth $38,429,000 after purchasing an additional 376,073 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of NextEra Energy during the fourth quarter worth $1,589,000. Finally, Synergy Asset Management LLC grew its stake in shares of NextEra Energy by 98.6% in the fourth quarter. Synergy Asset Management LLC now owns 11,415 shares of the utilities provider’s stock valued at $892,000 after buying an additional 5,666 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $71.31 on Friday. The company has a market capitalization of $146.64 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $72.72 and a 200 day moving average price of $77.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NEE. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.