NextEra Energy, Inc. (NYSE:NEE) Position Boosted by Castle Wealth Management LLC

Castle Wealth Management LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,271 shares of the utilities provider’s stock after purchasing an additional 918 shares during the quarter. Castle Wealth Management LLC’s holdings in NextEra Energy were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at $27,000. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP bought a new position in NextEra Energy during the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter valued at $39,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Guggenheim increased their price target on 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 cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

NEE opened at $69.28 on Thursday. The stock has a fifty day moving average of $71.40 and a 200-day moving average of $76.97. The firm has a market capitalization of $142.47 billion, a P/E ratio of 20.56, 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 company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its earnings results 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%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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.