NextEra Energy, Inc. $NEE Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.6% in the third quarter, Holdings Channel reports. The firm owned 93,264 shares of the utilities provider’s stock after buying an additional 13,986 shares during the period. Stratos Wealth Partners LTD.’s holdings in NextEra Energy were worth $7,041,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after acquiring an additional 5,554,603 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NextEra Energy by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares during the last quarter. Norges Bank acquired a new stake in NextEra Energy in the 2nd quarter worth approximately $2,375,545,000. Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after purchasing an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in NextEra Energy by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after purchasing an additional 408,198 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. Seaport Research Partners reduced their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a research note on Wednesday, January 14th. BTIG Research reissued a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Finally, UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.95.

Insider Activity

In other news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 304,189 shares of company stock valued at $26,373,239. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $91.44 on Thursday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $91.96. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $190.43 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 2.81 and a beta of 0.76. The business has a 50-day simple moving average of $83.23 and a 200-day simple moving average of $79.89.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $0.53 earnings per share. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.