White Knight Strategic Wealth Advisors LLC Makes New $541,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

White Knight Strategic Wealth Advisors LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,552 shares of the utilities provider’s stock, valued at approximately $541,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.7%

NEE opened at $74.37 on Wednesday. The business’s fifty day moving average is $68.77 and its two-hundred day moving average is $71.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $153.10 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

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

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Evercore ISI dropped their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, BMO Capital Markets dropped their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.46.

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.