NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1,408.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,376 shares of the utilities provider’s stock after purchasing an additional 99,326 shares during the period. NextEra Energy makes up 0.9% of Ibex Wealth Advisors’ holdings, making the stock its 29th biggest position. Ibex Wealth Advisors’ holdings in NextEra Energy were worth $7,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Swedbank AB lifted its holdings in shares of NextEra Energy by 26.3% in the 4th quarter. Swedbank AB now owns 835,301 shares of the utilities provider’s stock valued at $59,883,000 after buying an additional 173,678 shares during the period. Allen Capital Group LLC raised its position in NextEra Energy by 22.0% during the fourth quarter. Allen Capital Group LLC now owns 13,262 shares of the utilities provider’s stock valued at $951,000 after acquiring an additional 2,393 shares in the last quarter. Forsta AP Fonden raised its position in NextEra Energy by 0.5% during the fourth quarter. Forsta AP Fonden now owns 515,900 shares of the utilities provider’s stock valued at $36,985,000 after acquiring an additional 2,800 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in NextEra Energy by 3.6% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 31,194 shares of the utilities provider’s stock valued at $2,236,000 after acquiring an additional 1,070 shares during the period. Finally, Nvest Financial LLC boosted its position in NextEra Energy by 3.3% in the 4th quarter. Nvest Financial LLC now owns 31,900 shares of the utilities provider’s stock worth $2,287,000 after purchasing an additional 1,018 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE stock traded up $0.52 during midday trading on Wednesday, reaching $71.06. The stock had a trading volume of 856,853 shares, compared to its average volume of 11,838,839. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $72.83 and its 200 day simple moving average is $77.14. The company has a market cap of $146.12 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate 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 fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday. Finally, Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.85.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

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.