Allspring Global Investments Holdings LLC Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,873,404 shares of the utilities provider’s stock after selling 138,411 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of NextEra Energy worth $134,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Burkett Financial Services LLC raised its position 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 valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $28,000. Quarry LP acquired a new stake in shares of NextEra Energy during the third quarter worth $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NEE shares. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

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

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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 expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

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.