Williams Jones Wealth Management LLC. Has $2.16 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Williams Jones Wealth Management LLC. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,122 shares of the utilities provider’s stock after acquiring an additional 904 shares during the period. Williams Jones Wealth Management LLC.’s holdings in NextEra Energy were worth $2,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after purchasing an additional 5,831 shares during the period. Empower Advisory Group LLC raised its holdings in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares during the period. True North Advisors LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $3,015,000. MCF Advisors LLC boosted its holdings in shares of NextEra Energy by 33.0% in the fourth quarter. MCF Advisors LLC now owns 21,211 shares of the utilities provider’s stock valued at $1,521,000 after buying an additional 5,260 shares during the period. Finally, Brentview Investment Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth $3,761,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.7%

NYSE:NEE opened at $74.37 on Wednesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market capitalization of $153.10 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock’s 50 day moving average price is $68.77 and its two-hundred day moving average price is $71.20.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.46.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were 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 directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

About NextEra Energy

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.