Certuity LLC Purchases 229 Shares of NextEra Energy, Inc. (NYSE:NEE)

Certuity LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,429 shares of the utilities provider’s stock after purchasing an additional 229 shares during the period. Certuity LLC’s holdings in NextEra Energy were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter worth $27,000. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP bought a new stake in NextEra Energy in the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the third quarter worth about $39,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Finally, Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Down 1.5 %

Shares of NYSE:NEE opened at $69.28 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $142.47 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.42 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 company’s 50-day moving average price is $71.40 and its two-hundred day moving average price is $76.97.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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.