Cookson Peirce & Co. Inc. Grows Stock Position in NextEra Energy, Inc. $NEE

Cookson Peirce & Co. Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 16.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,284 shares of the utilities provider’s stock after buying an additional 1,564 shares during the period. Cookson Peirce & Co. Inc.’s holdings in NextEra Energy were worth $783,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its stake in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy in the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy in the 1st quarter valued at about $32,000. Finally, IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Finally, TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.38.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock valued at $2,277,773 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Trading Down 1.4%

NYSE NEE opened at $82.79 on Thursday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. The company has a 50-day moving average of $76.24 and a 200-day moving average of $72.51. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company has a market cap of $170.48 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.84 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Company 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.