Geneos Wealth Management Inc. Purchases 23,528 Shares of NextEra Energy, Inc. (NYSE:NEE)

Geneos Wealth Management Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 25.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 115,478 shares of the utilities provider’s stock after purchasing an additional 23,528 shares during the period. Geneos Wealth Management Inc.’s holdings in NextEra Energy were worth $8,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $39,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $72.91 on Friday. The business has a fifty day moving average of $73.02 and a 200-day moving average of $77.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market cap of $149.93 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Eight investment 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.com, the company has an average rating of “Hold” and a consensus price target of $87.15.

About NextEra Energy

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.