Alps Advisors Inc. Acquires 6,298 Shares of NextEra Energy, Inc. $NEE

Alps Advisors Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 105.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,261 shares of the utilities provider’s stock after acquiring an additional 6,298 shares during the period. Alps Advisors Inc.’s holdings in NextEra Energy were worth $926,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. raised its stake in NextEra Energy by 10.4% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 16,836 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 1,587 shares during the last quarter. Renasant Bank raised its holdings in shares of NextEra Energy by 1.9% during the third quarter. Renasant Bank now owns 17,645 shares of the utilities provider’s stock worth $1,332,000 after purchasing an additional 337 shares during the last quarter. Ironwood Investment Counsel LLC lifted its holdings in shares of NextEra Energy by 2.7% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 5,926 shares of the utilities provider’s stock valued at $447,000 after buying an additional 153 shares during the period. Greater Midwest Financial Group LLC boosted its position in NextEra Energy by 16.2% in the 3rd quarter. Greater Midwest Financial Group LLC now owns 19,643 shares of the utilities provider’s stock worth $1,483,000 after purchasing an additional 2,734 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in NextEra Energy by 24.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 74,712 shares of the utilities provider’s stock worth $5,640,000 after buying an additional 14,782 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.7%

NEE opened at $91.44 on Thursday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $91.96. 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 business’s fifty day moving average is $83.23 and its two-hundred day moving average is $79.89. The company has a market cap of $190.43 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.81 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NEE. Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Barclays upped their price target 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. The Goldman Sachs Group increased their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wolfe Research lifted their target price on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Finally, BTIG Research reaffirmed a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 28th. Two research 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. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $92.95.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,189 shares of company stock valued at $26,373,239 over the last three months. Insiders own 0.20% of the company’s stock.

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.