Sherbrooke Park Advisers LLC Acquires 16,432 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sherbrooke Park Advisers LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 376.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,792 shares of the utilities provider’s stock after acquiring an additional 16,432 shares during the period. NextEra Energy makes up 0.5% of Sherbrooke Park Advisers LLC’s portfolio, making the stock its 11th largest holding. Sherbrooke Park Advisers LLC’s holdings in NextEra Energy were worth $1,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Accurate Wealth Management LLC grew its position in shares of NextEra Energy by 2.6% in the 4th quarter. Accurate Wealth Management LLC now owns 9,102 shares of the utilities provider’s stock valued at $617,000 after purchasing an additional 232 shares during the period. Kathmere Capital Management LLC grew its holdings in NextEra Energy by 10.6% in the 4th quarter. Kathmere Capital Management LLC now owns 5,618 shares of the utilities provider’s stock valued at $403,000 after buying an additional 538 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of NextEra Energy by 114.8% during the 4th quarter. Acropolis Investment Management LLC now owns 2,739 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 1,464 shares in the last quarter. BluePath Capital Management LLC boosted its stake in NextEra Energy by 20.0% in the fourth quarter. BluePath Capital Management LLC now owns 26,012 shares of the utilities provider’s stock valued at $1,742,000 after buying an additional 4,344 shares in the last quarter. Finally, ERn Financial LLC bought a new position in NextEra Energy in the fourth quarter valued at about $217,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. BMO Capital Markets lowered their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.46.

NextEra Energy Stock Up 3.1%

Shares of NYSE NEE opened at $74.46 on Friday. The firm has a market cap of $153.29 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock’s 50-day simple moving average is $68.71 and its 200-day simple moving average is $71.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.