TCV Trust & Wealth Management Inc. Sells 2,450 Shares of NextEra Energy, Inc. (NYSE:NEE)

TCV Trust & Wealth Management Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,597 shares of the utilities provider’s stock after selling 2,450 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in NextEra Energy were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC grew its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter worth about $28,000. Quarry LP purchased a new position in NextEra Energy in the third quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $70.36 on Wednesday. The firm’s 50 day simple moving average is $71.52 and its 200-day simple moving average is $77.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a market cap of $144.69 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI lowered their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.