Cornerstone Wealth Group LLC Purchases 13,086 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cornerstone Wealth Group LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 89.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,640 shares of the utilities provider’s stock after buying an additional 13,086 shares during the period. Cornerstone Wealth Group LLC’s holdings in NextEra Energy were worth $1,982,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after purchasing an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after buying an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB boosted its stake in NextEra Energy by 20.9% during the fourth 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 last quarter. National Bank of Canada FI grew its holdings in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after buying an additional 1,369,689 shares in the last quarter. Finally, Raymond James & Associates increased its stake in NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after acquiring an additional 851,873 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 5.3 %

NYSE:NEE opened at $72.91 on Monday. The stock has a fifty day simple moving average of $73.02 and a 200-day simple moving average of $77.16. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market cap of $149.93 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on NEE shares. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays upped 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. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $87.15.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.