Zimmer Partners LP Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Zimmer Partners LP bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 617,000 shares of the utilities provider's stock, valued at approximately $44,233,000.

A number of other institutional investors have also modified their holdings of NEE. Merit Financial Group LLC grew its holdings in NextEra Energy by 37.6% in the fourth quarter. Merit Financial Group LLC now owns 31,369 shares of the utilities provider's stock valued at $2,249,000 after purchasing an additional 8,564 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in NextEra Energy by 40.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 42,393 shares of the utilities provider's stock valued at $3,039,000 after purchasing an additional 12,216 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in NextEra Energy by 11.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 8,092 shares of the utilities provider's stock valued at $580,000 after purchasing an additional 835 shares during the last quarter. Client 1ST Advisory Group LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $298,000. Finally, Annex Advisory Services LLC grew its holdings in NextEra Energy by 101.3% in the fourth quarter. Annex Advisory Services LLC now owns 13,706 shares of the utilities provider's stock valued at $983,000 after purchasing an additional 6,898 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $73.78 on Tuesday. The stock's 50-day moving average is $68.74 and its 200-day moving average is $71.17. The company has a market cap of $151.89 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. 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, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Transactions at NextEra Energy

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

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Barclays decreased their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $83.46.

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.

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