TrinityPoint Wealth LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

TrinityPoint Wealth LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,338 shares of the utilities provider’s stock after acquiring an additional 999 shares during the period. TrinityPoint Wealth LLC’s holdings in NextEra Energy were worth $1,816,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC lifted its holdings in shares of 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 acquiring an additional 41,328 shares during the period. True North Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth about $3,015,000. HB Wealth Management LLC lifted its holdings in shares of NextEra Energy by 3.1% during the 4th quarter. HB Wealth Management LLC now owns 170,426 shares of the utilities provider’s stock worth $12,218,000 after acquiring an additional 5,174 shares during the period. Finally, MCF Advisors LLC lifted its holdings in shares of NextEra Energy by 33.0% during the 4th quarter. MCF Advisors LLC now owns 21,211 shares of the utilities provider’s stock worth $1,521,000 after acquiring an additional 5,260 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets decreased their price target on shares of 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, Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight equities research 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.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $83.46.

NextEra Energy Stock Performance

Shares of NEE stock opened at $74.97 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market capitalization of $154.34 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.45 and a beta of 0.69. The company’s fifty day moving average price is $68.72 and its two-hundred day moving average price is $71.25.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS 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 firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’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 sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents 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 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.