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

Ashton Thomas Private Wealth LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,995 shares of the utilities provider’s stock after buying an additional 23,792 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in NextEra Energy were worth $8,606,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its holdings in NextEra Energy by 14.1% in the third quarter. Westside Investment Management Inc. now owns 2,748 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 339 shares in the last quarter. Marco Investment Management LLC bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $206,000. Strengthening Families & Communities LLC raised its position in shares of NextEra Energy by 9.2% during the third quarter. Strengthening Families & Communities LLC now owns 4,041 shares of the utilities provider’s stock worth $319,000 after purchasing an additional 340 shares during the period. Elm Partners Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth $208,000. Finally, Physician Wealth Advisors Inc. grew its position in NextEra Energy by 77.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 783 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 341 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 2.9%

NextEra Energy 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. The stock has a market cap 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. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $89.19. The firm’s 50-day simple moving average is $82.65 and its 200 day simple 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 firm had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ronald R. Reagan sold 10,826 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total transaction of $920,210.00. Following the transaction, the executive vice president owned 15,643 shares of the company’s stock, valued at approximately $1,329,655. The trade was a 40.90% decrease in their position. The SEC filing for this sale provides additional information. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NEE shares. Evercore ISI restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. UBS Group set a $91.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Profile

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.