Baader Bank Aktiengesellschaft purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 9,699 shares of the utilities provider’s stock, valued at approximately $760,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Anfield Capital Management LLC lifted its holdings in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the period. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. lifted its holdings in NextEra Energy by 135.4% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after buying an additional 218 shares during the period. Strive Asset Management LLC acquired a new position in NextEra Energy in the third quarter valued at $29,000. Finally, Joseph Group Capital Management acquired a new position in NextEra Energy in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Performance
NextEra Energy stock opened at $95.55 on Friday. The firm’s fifty day moving average price is $92.93 and its 200-day moving average price is $87.77. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The stock has a market cap of $199.25 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.78 and a beta of 0.73. NextEra Energy, Inc. has a fifty-two week low of $63.88 and a fifty-two week high of $98.75.
Insider Activity at NextEra Energy
In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the transaction, the executive vice president owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. This trade represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,767 shares of company stock valued at $2,881,077. Insiders own 0.18% of the company’s stock.
More NextEra Energy News
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: J.P. Morgan raised its price target on NextEra Energy to $105 and maintained an Overweight rating, signaling continued analyst confidence in the company’s earnings and growth outlook. NextEra Energy (NYSE:NEE) Price Target Raised to $105.00 at JPMorgan Chase & Co.
- Positive Sentiment: Another note from J.P. Morgan reiterated a Buy stance on NextEra Energy, adding to the positive sentiment around the stock. NextEra Energy (NEE) Receives a Buy from J.P. Morgan
- Positive Sentiment: Recent articles framing NextEra Energy as a top clean-energy pick suggest investors remain focused on its renewables leadership and potential benefit from higher energy prices. 1 Clean Energy Stock to Buy While Oil Prices Are High
- Neutral Sentiment: Coverage questioning whether NextEra Energy is “too late” to buy after a strong one-year rally may temper enthusiasm, but it also reflects the stock’s strong recent performance and ongoing investor debate about valuation. Is It Too Late To Consider NextEra Energy (NEE) After A 35% One Year Rally?
- Neutral Sentiment: Reuters reported that NextEra Energy settled a nuclear plant wage lawsuit for $9.5 million, which removes an overhang but is too small to materially change the company’s outlook. NextEra Energy settles nuclear plant wage lawsuit for $9.5 million
Analysts Set New Price Targets
Several equities research analysts have weighed in on NEE shares. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. The Goldman Sachs Group increased their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. UBS Group increased their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Mizuho increased their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $99.10.
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.
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