NorthRock Partners LLC Purchases 15,882 Shares of NextEra Energy, Inc. (NYSE:NEE)

NorthRock Partners LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 143.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,982 shares of the utilities provider's stock after buying an additional 15,882 shares during the quarter. NorthRock Partners LLC's holdings in NextEra Energy were worth $1,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the period. Norges Bank purchased a new position in NextEra Energy in the fourth quarter worth about $3,484,197,000. Geode Capital Management LLC grew its position in NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after buying an additional 1,359,268 shares during the period. Northern Trust Corp boosted its stake in shares of NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after buying an additional 588,038 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.6%

Shares of NYSE NEE traded up $0.45 during mid-day trading on Tuesday, reaching $74.31. The company had a trading volume of 2,845,007 shares, compared to its average volume of 10,904,946. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market capitalization of $152.99 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock's 50 day moving average is $68.74 and its 200-day moving average is $71.17.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NEE shares. Barclays cut their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $83.46.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 sale, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

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.