Cassia Capital Partners LLC Sells 4,757 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cassia Capital Partners LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 53.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,182 shares of the utilities provider’s stock after selling 4,757 shares during the quarter. Cassia Capital Partners LLC’s holdings in NextEra Energy were worth $300,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Czech National Bank raised its stake in NextEra Energy by 6.9% during the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after purchasing an additional 27,020 shares in the last quarter. Diversified Trust Co increased its holdings in shares of NextEra Energy by 12.5% in the 3rd quarter. Diversified Trust Co now owns 30,802 shares of the utilities provider’s stock worth $2,604,000 after buying an additional 3,417 shares during the last quarter. Smith Anglin Financial LLC raised its position in shares of NextEra Energy by 8.0% during the 3rd quarter. Smith Anglin Financial LLC now owns 3,721 shares of the utilities provider’s stock valued at $315,000 after buying an additional 277 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of NextEra Energy by 5.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,950 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 644 shares during the last quarter. Finally, Greenfield Savings Bank increased its stake in NextEra Energy by 5.2% during the third quarter. Greenfield Savings Bank now owns 35,177 shares of the utilities provider’s stock worth $2,974,000 after acquiring an additional 1,748 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Down 1.6 %

Shares of NYSE NEE opened at $69.92 on Wednesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market cap of $143.78 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The business has a fifty day simple moving average of $72.40 and a two-hundred day simple moving average of $77.14. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.