Ashton Thomas Private Wealth LLC Buys 23,792 Shares of NextEra Energy, Inc. $NEE

Ashton Thomas Private Wealth LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 113,995 shares of the utilities provider’s stock after acquiring an additional 23,792 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in NextEra Energy were worth $8,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NEE. National Pension Service raised its stake in NextEra Energy by 1.3% in the 3rd quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after acquiring an additional 60,324 shares during the period. Synergy Asset Management LLC increased its stake in shares of NextEra Energy by 286.0% in the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 16,322 shares in the last quarter. Daymark Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after purchasing an additional 2,767 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of NextEra Energy by 61.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after purchasing an additional 23,288 shares during the period. Finally, Hunter Perkins Capital Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $3,966,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Ronald R. Reagan sold 10,826 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total value of $920,210.00. Following the transaction, the executive vice president directly owned 15,643 shares in the company, valued at approximately $1,329,655. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEE. Citigroup reiterated a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. BMO Capital Markets set a $95.00 price target on NextEra Energy in a report on Thursday, January 29th. Evercore ISI reiterated an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research report on Tuesday, October 28th. Barclays boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Finally, HSBC raised their target price on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Trading Up 2.9%

Shares of NEE stock opened at $88.85 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $89.19. The company has a market capitalization of $185.05 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76. The business’s fifty day moving average is $82.65 and its 200 day moving average is $79.26.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.