Financial & Tax Architects LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Financial & Tax Architects LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,124 shares of the utilities provider’s stock after acquiring an additional 4,786 shares during the period. NextEra Energy accounts for about 1.6% of Financial & Tax Architects LLC’s portfolio, making the stock its 25th biggest holding. Financial & Tax Architects LLC’s holdings in NextEra Energy were worth $6,103,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its position in shares of NextEra Energy by 2.8% during the 4th quarter. Trust Co. of Vermont now owns 377,120 shares of the utilities provider’s stock valued at $27,036,000 after acquiring an additional 10,312 shares during the last quarter. CGN Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $244,000. Sanibel Captiva Trust Company Inc. increased its stake in NextEra Energy by 0.4% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 263,186 shares of the utilities provider’s stock worth $18,868,000 after purchasing an additional 1,170 shares during the period. Howard Financial Services LTD. increased its stake in NextEra Energy by 65.7% in the fourth quarter. Howard Financial Services LTD. now owns 5,220 shares of the utilities provider’s stock worth $374,000 after purchasing an additional 2,070 shares during the period. Finally, Verity & Verity LLC increased its stake in NextEra Energy by 6.1% in the fourth quarter. Verity & Verity LLC now owns 195,945 shares of the utilities provider’s stock worth $14,047,000 after purchasing an additional 11,319 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.54 during trading on Friday, hitting $70.83. The stock had a trading volume of 12,662,751 shares, compared to its average volume of 7,419,646. The stock has a 50-day simple moving average of $73.62 and a two-hundred day simple moving average of $77.16. 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 stock has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.26 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.

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

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy 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.