Spectrum Strategic Capital Management LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,366 shares of the utilities provider’s stock, valued at approximately $511,000.
Several other institutional investors also recently bought and sold shares of NEE. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC increased its holdings in NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC increased its holdings in NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares during the period. Finally, United Bank increased its holdings in shares of NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after acquiring an additional 444 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Trading Down 0.0%
Shares of NYSE:NEE opened at $93.34 on Monday. NextEra Energy, Inc. has a 12-month low of $63.88 and a 12-month high of $98.75. The business’s fifty day simple moving average is $92.94 and its 200-day simple moving average is $87.83. The company has a market capitalization of $194.64 billion, a PE ratio of 23.75, a P/E/G ratio of 2.74 and a beta of 0.73. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41.
Analyst Upgrades and Downgrades
NEE has been the topic of a number of analyst reports. Mizuho lifted their price target on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Evercore reiterated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. HSBC lifted their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Finally, Morgan Stanley set a $108.00 price target on NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.10.
Insider Transactions at NextEra Energy
In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at $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 available through this hyperlink. Also, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares of the company’s stock, valued at $1,572,165. The trade was a 22.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,767 shares of company stock valued at $2,881,077 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.
Trending Headlines about NextEra Energy
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: A merger with Dominion Energy could create a much larger utility platform and help NextEra Energy capitalize on rising power demand from AI data centers and other large-load customers. NextEra Energy Said to Be in Talks to Acquire Dominion, Creating a Utility Giant
- Positive Sentiment: Reports that the deal would be mostly stock-based suggest NextEra may preserve more cash flexibility than if it funded a large all-cash acquisition. NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Neutral Sentiment: Market commentary has also highlighted broader bullish interest in NextEra as a way to play the utility sector’s exposure to long-term power demand growth. NextEra Energy (NEE) Stock Eyes Dominion (D) Deal as AI Data Centers Drive Power Demand
- Negative Sentiment: Some reports suggest the acquisition could be enormous, raising concerns about integration risk, leverage, and regulatory scrutiny that may be pressuring shares. NextEra, Dominion in talks over tie-up to create $400 billion US utility giant, FT reports
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.
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