Cyndeo Wealth Partners LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cyndeo Wealth Partners LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,868 shares of the utilities provider’s stock after purchasing an additional 9,186 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in NextEra Energy were worth $8,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in NextEra Energy by 25.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 115,478 shares of the utilities provider’s stock valued at $8,279,000 after buying an additional 23,528 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of NextEra Energy by 6.0% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 32,147 shares of the utilities provider’s stock valued at $2,305,000 after acquiring an additional 1,824 shares during the period. Accel Wealth Management increased its stake in shares of NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 145 shares in the last quarter. DGS Capital Management LLC raised its holdings in NextEra Energy by 6.6% in the 4th quarter. DGS Capital Management LLC now owns 4,206 shares of the utilities provider’s stock worth $302,000 after purchasing an additional 262 shares during the period. Finally, Cottonwood Capital Advisors LLC lifted its position in NextEra Energy by 18.9% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 3,681 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

Shares of NEE stock opened at $72.91 on Friday. The stock has a 50 day moving average price of $73.02 and a 200 day moving average price of $77.12. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market capitalization of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Company 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.