Signet Investment Advisory Group Inc. Purchases 2,596 Shares of NextEra Energy, Inc. (NYSE:NEE)

Signet Investment Advisory Group Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 59,453 shares of the utilities provider’s stock after buying an additional 2,596 shares during the quarter. NextEra Energy accounts for approximately 2.2% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 13th biggest position. Signet Investment Advisory Group Inc.’s holdings in NextEra Energy were worth $4,262,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $27,000. Burkett Financial Services LLC boosted its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the third quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.9 %

Shares of NextEra Energy stock opened at $70.36 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $144.69 billion, a P/E ratio of 20.88, a PEG ratio of 2.42 and a beta of 0.58. The firm’s 50 day moving average price is $71.52 and its 200-day moving average price is $77.00. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Evercore ISI cut their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average 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.