Synergy Asset Management LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Synergy Asset Management LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 98.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,415 shares of the utilities provider’s stock after acquiring an additional 5,666 shares during the period. Synergy Asset Management LLC’s holdings in NextEra Energy were worth $892,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after buying an additional 86,758 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after acquiring an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates grew its stake in NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.95 on Thursday. The firm has a market capitalization of $145.90 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a 50-day moving average price of $72.83 and a 200-day moving average price of $77.14. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

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

Analyst Ratings Changes

Several brokerages have commented on NEE. 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. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.85.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

About NextEra Energy

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.