NextEra Energy, Inc. $NEE Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 24.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,158 shares of the utilities provider’s stock after purchasing an additional 12,738 shares during the quarter. Wedbush Securities Inc.’s holdings in NextEra Energy were worth $4,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Varma Mutual Pension Insurance Co grew its holdings in NextEra Energy by 5.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after acquiring an additional 15,600 shares during the period. Caisse Des Depots ET Consignations boosted its position in shares of NextEra Energy by 10.5% during the 3rd quarter. Caisse Des Depots ET Consignations now owns 123,645 shares of the utilities provider’s stock worth $9,334,000 after purchasing an additional 11,752 shares in the last quarter. Savvy Advisors Inc. boosted its position in shares of NextEra Energy by 2.3% during the 3rd quarter. Savvy Advisors Inc. now owns 15,762 shares of the utilities provider’s stock worth $1,190,000 after purchasing an additional 356 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of NextEra Energy by 13.4% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 4,016 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 476 shares in the last quarter. Finally, TPG Advisors LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at about $306,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

NextEra Energy Trading Up 0.7%

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

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on NEE. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Evercore reaffirmed an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. Citigroup reaffirmed a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Seaport Research Partners lowered their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Finally, Wells Fargo & Company lifted their price target on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Company Profile

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.