Leavell Investment Management Inc. Has $1.24 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Leavell Investment Management Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,280 shares of the utilities provider’s stock after acquiring an additional 1,102 shares during the quarter. Leavell Investment Management Inc.’s holdings in NextEra Energy were worth $1,239,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NEE. Geode Capital Management LLC boosted its holdings in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after buying an additional 86,758 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of NextEra Energy by 5.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after acquiring an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates boosted its position in NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after purchasing an additional 851,873 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

NextEra Energy stock opened at $69.28 on Thursday. The company has a market capitalization of $142.47 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.42 and a beta of 0.58. The stock’s 50 day moving average is $71.40 and its 200-day moving average is $76.97. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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 analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.