McKinley Carter Wealth Services Inc. Buys 1,070 Shares of NextEra Energy, Inc. (NYSE:NEE)

McKinley Carter Wealth Services Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,194 shares of the utilities provider’s stock after purchasing an additional 1,070 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in NextEra Energy were worth $2,236,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after purchasing an additional 2,309,876 shares during the last quarter. Nordea Investment Management AB lifted its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. National Bank of Canada FI boosted its holdings in NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated 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 directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $70.50 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a fifty day moving average of $72.83 and a 200 day moving average of $77.14. The firm has a market capitalization of $144.97 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on NEE. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Scotiabank raised 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 report on Thursday, December 12th. Finally, Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.