NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Wealth Effects LLC

Wealth Effects LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,146 shares of the utilities provider’s stock after selling 1,438 shares during the period. Wealth Effects LLC’s holdings in NextEra Energy were worth $942,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Perigon Wealth Management LLC boosted its holdings in NextEra Energy by 29.7% in the fourth quarter. Perigon Wealth Management LLC now owns 66,729 shares of the utilities provider’s stock valued at $4,762,000 after purchasing an additional 15,293 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. Matrix Asset Advisors Inc. NY now owns 232,315 shares of the utilities provider’s stock valued at $16,655,000 after buying an additional 2,289 shares in the last quarter. Curbstone Financial Management Corp grew its position in shares of NextEra Energy by 11.9% in the 4th quarter. Curbstone Financial Management Corp now owns 25,128 shares of the utilities provider’s stock valued at $1,801,000 after buying an additional 2,664 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Finally, Vantage Investment Partners LLC grew its holdings in shares of NextEra Energy by 3.5% during the fourth quarter. Vantage Investment Partners LLC now owns 172,530 shares of the utilities provider’s stock worth $12,369,000 after purchasing an additional 5,802 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.2 %

NEE opened at $73.69 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $151.53 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business’s fifty day moving average is $73.02 and its two-hundred day moving average is $77.19.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday. Finally, Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.85.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company 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.