Silverlake Wealth Management LLC Sells 407 Shares of NextEra Energy, Inc. (NYSE:NEE)

Silverlake Wealth Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,023 shares of the utilities provider’s stock after selling 407 shares during the period. Silverlake Wealth Management LLC’s holdings in NextEra Energy were worth $217,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NEE. Czech National Bank boosted its holdings in NextEra Energy by 6.9% in the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after acquiring an additional 27,020 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in NextEra Energy by 5.2% in the third 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. Callan Family Office LLC bought a new position in NextEra Energy in the third quarter valued at about $247,000. Dynamic Advisor Solutions LLC boosted its holdings in NextEra Energy by 1.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock valued at $2,563,000 after acquiring an additional 469 shares during the last quarter. Finally, City Holding Co. boosted its holdings in NextEra Energy by 2.9% in the third quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock valued at $4,340,000 after acquiring an additional 1,470 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.0 %

NYSE NEE opened at $69.17 on Thursday. The firm has a market cap of $142.24 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock’s 50-day moving average is $72.25 and its 200-day moving average is $77.13. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NEE. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $85.85.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

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.