Geneos Wealth Management Inc. Has $8.28 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Geneos Wealth Management Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 25.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 115,478 shares of the utilities provider’s stock after purchasing an additional 23,528 shares during the quarter. Geneos Wealth Management Inc.’s holdings in NextEra Energy were worth $8,279,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following 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 trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays upped 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. Finally, Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Performance

Shares of NEE stock opened at $72.91 on Friday. The company has a fifty day moving average price of $73.02 and a two-hundred day moving average price of $77.12. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a market cap of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. 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 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 11.94% and a net margin of 26.49%. As a group, equities analysts predict 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.