Nilsine Partners LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,748 shares of the utilities provider’s stock after selling 884 shares during the period. Nilsine Partners LLC’s holdings in NextEra Energy were worth $555,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Tandem Capital Management Corp ADV boosted its holdings in shares of NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after acquiring an additional 125 shares in the last quarter. Insight Folios Inc boosted its stake in NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC lifted its holdings in NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after buying an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on NEE. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday. Finally, Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.85.
NextEra Energy Trading Down 4.5 %
NEE opened at $70.50 on Wednesday. The stock has a market capitalization of $144.97 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm’s fifty day simple moving average is $72.97 and its 200 day simple moving average is $77.18.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.
Insider Transactions at NextEra Energy
In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.
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.
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