Strategic Wealth Partners Ltd. Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Strategic Wealth Partners Ltd. lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,544 shares of the utilities provider's stock after purchasing an additional 33,580 shares during the period. Strategic Wealth Partners Ltd.'s holdings in NextEra Energy were worth $9,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NEE shares. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Barclays reduced their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $83.46.

NextEra Energy Trading Down 3.8%

NEE stock traded down $2.86 during trading on Wednesday, hitting $71.55. The company had a trading volume of 16,132,298 shares, compared to its average volume of 10,978,405. The firm has a market capitalization of $147.30 billion, a P/E ratio of 21.23, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a 50 day simple moving average of $68.77 and a 200-day simple moving average of $71.20. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.