AMJ Financial Wealth Management Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

AMJ Financial Wealth Management grew its position in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 39.0% in the third quarter, Holdings Channel reports. The firm owned 50,275 shares of the utilities provider’s stock after purchasing an additional 14,099 shares during the period. NextEra Energy comprises approximately 2.6% of AMJ Financial Wealth Management’s holdings, making the stock its 18th biggest position. AMJ Financial Wealth Management’s holdings in NextEra Energy were worth $3,942,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hoey Investments Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter valued at $26,000. Urban Wealth Management LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth $28,000. SRS Capital Advisors Inc. lifted its holdings in shares of NextEra Energy by 70.8% during the 2nd quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 160 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of NextEra Energy by 51.3% during the 2nd quarter. Ellevest Inc. now owns 475 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 161 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth $41,000. 76.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Guggenheim dropped their price objective on shares of NextEra Energy from $108.00 to $99.00 in a report on Monday, October 24th. Credit Suisse Group raised their price objective on NextEra Energy to $89.00 in a research note on Tuesday, November 1st. BMO Capital Markets boosted their target price on NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Morgan Stanley raised their price target on NextEra Energy from $98.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.40.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $81.25 on Wednesday. The business has a 50 day moving average of $84.31 and a 200 day moving average of $83.10. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $91.35. The company has a market cap of $161.46 billion, a PE ratio of 43.25, a P/E/G ratio of 2.76 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings data on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 2,277 shares of the stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $85.27, for a total value of $194,159.79. Following the completion of the transaction, the executive vice president now owns 175,950 shares of the company’s stock, valued at approximately $15,003,256.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Charles E. Sieving sold 2,277 shares of the company’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $85.27, for a total value of $194,159.79. Following the sale, the executive vice president now directly owns 175,950 shares of the company’s stock, valued at $15,003,256.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert Coffey sold 2,908 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total value of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at approximately $898,324.91. The disclosure for this sale can be found here. Insiders sold 46,617 shares of company stock worth $3,962,217 over the last three months. Company insiders own 0.43% of the company’s stock.

NextEra Energy Profile

(Get Rating)

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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