NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Campbell Wealth Management

Campbell Wealth Management lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.0% during the 4th quarter, HoldingsChannel reports. The fund owned 13,775 shares of the utilities provider’s stock after purchasing an additional 2,486 shares during the period. NextEra Energy accounts for 0.1% of Campbell Wealth Management’s portfolio, making the stock its 28th biggest position. Campbell Wealth Management’s holdings in NextEra Energy were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of NextEra Energy by 514.3% in the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after buying an additional 3,914 shares in the last quarter. Creative Planning increased its holdings in NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after acquiring an additional 19,698 shares in 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 acquiring an additional 2,464 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in NextEra Energy by 26.1% during the third quarter. Cornerstone Wealth Management LLC now owns 19,333 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 3,998 shares during the period. Finally, Kowal Investment Group LLC purchased a new position in NextEra Energy during the third quarter valued at $228,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently 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. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research report 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 research note on Monday, January 27th. Eight 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 stock has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

NextEra Energy stock opened at $68.61 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $141.10 billion, a P/E ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.58. The company has a 50-day moving average price of $71.27 and a 200 day moving average price of $76.92. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

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%. Sell-side analysts anticipate 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.