Rockline Wealth Management LLC Acquires 2,988 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rockline Wealth Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,498 shares of the utilities provider’s stock after buying an additional 2,988 shares during the period. NextEra Energy makes up approximately 1.1% of Rockline Wealth Management LLC’s holdings, making the stock its 28th biggest position. Rockline Wealth Management LLC’s holdings in NextEra Energy were worth $4,194,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Burkett Financial Services LLC increased its stake in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.6 %

Shares of NEE opened at $71.11 on Tuesday. The company has a market capitalization of $146.23 billion, a P/E ratio of 21.10, a PEG ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business’s 50 day simple moving average is $72.51 and its 200-day simple moving average is $77.14. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy 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.