Baldwin Wealth Partners LLC MA Acquires 11,554 Shares of NextEra Energy, Inc. (NYSE:NEE)

Baldwin Wealth Partners LLC MA increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 291,514 shares of the utilities provider’s stock after acquiring an additional 11,554 shares during the period. NextEra Energy comprises 1.4% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 19th biggest position. Baldwin Wealth Partners LLC MA’s holdings in NextEra Energy were worth $20,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Foundations Investment Advisors LLC lifted its stake in shares of NextEra Energy by 131.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 16,949 shares of the utilities provider’s stock worth $1,215,000 after acquiring an additional 9,632 shares during the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of NextEra Energy by 289.5% during the 4th quarter. Parsons Capital Management Inc. RI now owns 338,104 shares of the utilities provider’s stock worth $24,239,000 after acquiring an additional 251,293 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its stake in shares of NextEra Energy by 7.3% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 9,707 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 660 shares during the last quarter. Heartland Bank & Trust Co lifted its stake in shares of NextEra Energy by 9.3% during the 4th quarter. Heartland Bank & Trust Co now owns 3,638 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 309 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of NextEra Energy by 200.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 71,348 shares of the utilities provider’s stock worth $5,115,000 after acquiring an additional 47,562 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NEE. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight investment 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, the company has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Down 1.9 %

Shares of NEE stock opened at $71.42 on Monday. The stock’s 50-day simple moving average is $73.02 and its 200-day simple moving average is $77.19. 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 $146.86 billion, a PE ratio of 21.14, a P/E/G ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.