Caprock Group LLC Makes New $2.87 Million Investment in NextEra Energy, Inc. $NEE

Caprock Group LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,469 shares of the utilities provider’s stock, valued at approximately $2,868,000.

Several other institutional investors have also bought and sold shares of the stock. Activest Wealth Management lifted its stake in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in NextEra Energy during the second quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy during the third quarter worth approximately $25,000. Finally, Quaker Wealth Management LLC lifted its position in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 304,189 shares of company stock worth $26,373,239. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NEE stock opened at $91.96 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $93.59. The firm has a 50-day moving average of $83.40 and a two-hundred day moving average of $79.97. The firm has a market capitalization of $191.51 billion, a PE ratio of 27.95, a P/E/G ratio of 2.82 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

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

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. Wolfe Research lifted their price target on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $104.00 target price on shares of NextEra Energy in a research note on Wednesday, January 21st. Wells Fargo & Company lifted their target price on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Finally, Seaport Research Partners reduced their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Company 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.