Minot DeBlois Advisors LLC Acquires Shares of 10,920 NextEra Energy, Inc. (NYSE:NEE)

Minot DeBlois Advisors LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,920 shares of the utilities provider's stock, valued at approximately $783,000.

Other hedge funds also recently bought and sold shares of the company. MJP Associates Inc. ADV raised its holdings in shares of NextEra Energy by 8.5% during the fourth quarter. MJP Associates Inc. ADV now owns 4,669 shares of the utilities provider's stock worth $335,000 after acquiring an additional 364 shares during the period. Laurion Capital Management LP acquired a new stake in shares of NextEra Energy during the fourth quarter worth $11,813,000. Investment Management Corp of Ontario raised its holdings in shares of NextEra Energy by 329.8% during the fourth quarter. Investment Management Corp of Ontario now owns 293,156 shares of the utilities provider's stock worth $21,016,000 after acquiring an additional 224,945 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of NextEra Energy by 549.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 148,070 shares of the utilities provider's stock worth $10,615,000 after acquiring an additional 125,266 shares during the period. Finally, Guardian Wealth Advisors LLC NC raised its holdings in shares of NextEra Energy by 11.4% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 11,798 shares of the utilities provider's stock worth $846,000 after acquiring an additional 1,211 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE traded up $0.42 during midday trading on Friday, reaching $74.97. The stock had a trading volume of 12,828,998 shares, compared to its average volume of 10,916,299. The firm has a 50 day simple moving average of $68.71 and a 200-day simple moving average of $71.34. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market cap of $154.34 billion, a PE ratio of 22.25, a P/E/G ratio of 2.45 and a beta of 0.69. 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 (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the firm posted $0.91 EPS. The company's quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $83.46.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

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.