Abner Herrman & Brock LLC Has $831,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Abner Herrman & Brock LLC decreased its stake in 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. The fund owned 11,594 shares of the utilities provider’s stock after selling 186 shares during the period. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $831,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Burkett Financial Services LLC lifted its holdings in NextEra Energy by 1,229.6% during 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. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the third quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE opened at $71.65 on Monday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market capitalization of $147.34 billion, a PE ratio of 21.26, a PEG ratio of 2.50 and a beta of 0.58. The company’s 50-day moving average is $72.51 and its 200-day moving average is $77.10. 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 (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.