McHugh Group LLC Invests $443,000 in NextEra Energy, Inc. (NYSE:NEE)

McHugh Group LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,180 shares of the utilities provider’s stock, valued at approximately $443,000.

A number of other hedge funds also recently made changes to their positions in NEE. Silver Oak Securities Incorporated boosted its holdings in shares of NextEra Energy by 255.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 22,029 shares of the utilities provider’s stock worth $1,581,000 after purchasing an additional 15,831 shares in the last quarter. YANKCOM Partnership bought a new stake in NextEra Energy in the 4th quarter worth approximately $347,000. NovaPoint Capital LLC lifted its position in NextEra Energy by 3.2% in the 4th quarter. NovaPoint Capital LLC now owns 16,773 shares of the utilities provider’s stock worth $1,202,000 after buying an additional 523 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in NextEra Energy by 2.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 26,033 shares of the utilities provider’s stock worth $1,866,000 after buying an additional 592 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its position in NextEra Energy by 2.4% during the fourth quarter. Tyche Wealth Partners LLC now owns 47,726 shares of the utilities provider’s stock valued at $3,422,000 after acquiring an additional 1,101 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Performance

NYSE:NEE opened at $69.17 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $72.06 and its 200 day simple moving average is $77.07. The stock has a market cap of $142.24 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.50 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 results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the 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 completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

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.