Robertson Stephens Wealth Management LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Robertson Stephens Wealth Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,033 shares of the utilities provider’s stock after purchasing an additional 592 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in NextEra Energy were worth $1,866,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Burkett Financial Services LLC raised its holdings in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.0 %

NextEra Energy stock opened at $69.18 on Friday. The stock’s fifty day moving average is $72.06 and its two-hundred day moving average is $77.07. The stock has a market cap of $142.25 billion, a PE ratio of 20.53, a P/E/G ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NEE shares. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.