Hennion & Walsh Asset Management Inc. Acquires 12,339 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 153.9% during the 4th quarter, Holdings Channel reports. The firm owned 20,357 shares of the utilities provider’s stock after purchasing an additional 12,339 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NextEra Energy were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new stake in NextEra Energy during the third quarter worth $27,000. Quarry LP acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy in the 3rd quarter valued at $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.8 %

Shares of NYSE NEE opened at $70.83 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average of $73.50 and a 200-day moving average of $77.17. The firm has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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 report on Friday, October 25th. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.15.

About NextEra Energy

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.