Nova R Wealth Inc. Sells 296 Shares of NextEra Energy, Inc. (NYSE:NEE)

Nova R Wealth Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,124 shares of the utilities provider’s stock after selling 296 shares during the period. Nova R Wealth Inc.’s holdings in NextEra Energy were worth $1,299,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEE. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after purchasing an additional 2,309,876 shares during the period. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. National Bank of Canada FI increased its stake in shares of NextEra Energy by 167.7% in the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares during the period. Finally, Raymond James & Associates increased its stake in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after purchasing an additional 851,873 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on NEE. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Guggenheim boosted their price target 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 1.0 %

Shares of NEE opened at $68.61 on Friday. The company has a market capitalization of $141.10 billion, a P/E ratio of 20.36, a PEG ratio of 2.42 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. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business’s 50 day simple moving average is $71.27 and its 200-day simple moving average is $76.92.

NextEra Energy (NYSE:NEE) last announced its earnings results 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, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy 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.