Sapient Capital LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Sapient Capital LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 40,698 shares of the utilities provider’s stock after acquiring an additional 808 shares during the quarter. Sapient Capital LLC’s holdings in NextEra Energy were worth $2,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Burkett Financial Services LLC increased its stake 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 buying an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on NEE shares. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

Shares of NEE stock opened at $69.66 on Tuesday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s fifty day simple moving average is $71.66 and its 200-day simple moving average is $77.03. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market cap of $143.25 billion, a PE ratio of 20.67, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its 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 return on equity of 11.85% and a net margin of 28.06%. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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.