Life Planning Partners Inc Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Life Planning Partners Inc bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 78,859 shares of the utilities provider’s stock, valued at approximately $5,653,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of NextEra Energy by 514.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 3,914 shares in the last quarter. Creative Planning boosted its position in shares of NextEra Energy by 2.4% during the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after buying an additional 19,698 shares during the last quarter. SPC Financial Inc. increased its holdings in NextEra Energy by 24.5% in the 3rd quarter. SPC Financial Inc. now owns 12,535 shares of the utilities provider’s stock worth $1,060,000 after buying an additional 2,464 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in NextEra Energy by 26.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,333 shares of the utilities provider’s stock worth $1,634,000 after buying an additional 3,998 shares during the last quarter. Finally, Kowal Investment Group LLC bought a new position in NextEra Energy during the 3rd quarter valued at about $228,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NEE. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 1.0 %

NYSE NEE opened at $68.61 on Friday. The stock’s 50-day moving average price is $71.27 and its 200-day moving average price is $76.92. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a market capitalization of $141.10 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting 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, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

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.