Strengthening Families & Communities LLC Buys 653 Shares of NextEra Energy, Inc. (NYSE:NEE)

Strengthening Families & Communities LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,004 shares of the utilities provider’s stock after purchasing an additional 653 shares during the period. NextEra Energy accounts for approximately 1.4% of Strengthening Families & Communities LLC’s portfolio, making the stock its 21st biggest position. Strengthening Families & Communities LLC’s holdings in NextEra Energy were worth $2,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the third quarter worth $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $69.66 on Tuesday. The stock has a market capitalization of $143.25 billion, a PE ratio of 20.67, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business has a 50 day simple moving average of $71.66 and a two-hundred day simple moving average of $77.03. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on NEE shares. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Guggenheim increased their price objective 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.