Mitchell & Pahl Private Wealth LLC Has $2.72 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Mitchell & Pahl Private Wealth LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,881 shares of the utilities provider’s stock after acquiring an additional 949 shares during the quarter. NextEra Energy comprises approximately 1.3% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Mitchell & Pahl Private Wealth LLC’s holdings in NextEra Energy were worth $2,716,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 820,704 shares during the last quarter. Legal & General Group Plc lifted its holdings in NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after buying an additional 143,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 86,758 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 20.9% in 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 buying an additional 1,525,436 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 acquiring an additional 452,590 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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 research note on Thursday, December 12th. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.15.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $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 accessible through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NEE opened at $70.83 on Tuesday. The stock has a market cap of $145.66 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.38 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 company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $73.50 and a 200 day simple moving average of $77.25.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

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.