First Pacific Financial Has $725,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

First Pacific Financial decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,120 shares of the utilities provider’s stock after selling 199 shares during the quarter. First Pacific Financial’s holdings in NextEra Energy were worth $725,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NEE. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after buying an additional 820,704 shares during the last quarter. Legal & General Group Plc boosted its position in NextEra Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 0.7% during the third 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 purchasing an additional 86,758 shares during the last quarter. Nordea Investment Management AB grew its stake in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of NextEra Energy by 5.5% during the 3rd 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. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 3.0 %

NEE stock opened at $71.39 on Friday. The business’s fifty day moving average price is $73.68 and its two-hundred day moving average price is $77.20. The stock has a market capitalization of $146.81 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. 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 released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm earned $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate 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 the firm’s 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEE. Guggenheim raised 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. Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Scotiabank upped their price objective on 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 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 has an average rating of “Hold” and an average price target of $87.15.

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.