Aries Wealth Management Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

Aries Wealth Management decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,663 shares of the utilities provider’s stock after selling 175 shares during the quarter. Aries Wealth Management’s holdings in NextEra Energy were worth $1,123,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Life Planning Partners Inc acquired a new stake in NextEra Energy in the fourth quarter valued at $5,653,000. Pathway Financial Advisers LLC increased its position in shares of NextEra Energy by 2.6% in the 4th quarter. Pathway Financial Advisers LLC now owns 12,881 shares of the utilities provider’s stock worth $923,000 after purchasing an additional 330 shares during the last quarter. Avestar Capital LLC raised its stake in shares of NextEra Energy by 10.3% in the 4th quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 1,092 shares in the last quarter. Castle Wealth Management LLC grew its stake in NextEra Energy by 5.0% in the fourth quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock worth $1,382,000 after purchasing an additional 918 shares in the last quarter. Finally, Naples Global Advisors LLC raised its stake in NextEra Energy by 1.5% during the fourth quarter. Naples Global Advisors LLC now owns 92,657 shares of the utilities provider’s stock valued at $6,643,000 after buying an additional 1,351 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.0 %

NextEra Energy stock opened at $68.61 on Friday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market cap of $141.10 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.58. The company’s 50-day moving average price is $71.27 and its two-hundred day moving average price is $76.92. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NEE shares. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average price target of $85.85.

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.