Atomi Financial Group Inc. Has $2.43 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Atomi Financial Group Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,877 shares of the utilities provider’s stock after selling 28,574 shares during the quarter. Atomi Financial Group Inc.’s holdings in NextEra Energy were worth $2,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Transform Wealth LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $226,000. Alpha Cubed Investments LLC raised its holdings in NextEra Energy by 6.0% in the fourth quarter. Alpha Cubed Investments LLC now owns 696,223 shares of the utilities provider’s stock worth $49,912,000 after purchasing an additional 39,215 shares during the period. Clear Harbor Asset Management LLC grew its position in shares of NextEra Energy by 76.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,383 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 2,771 shares during the period. Charles Schwab Trust Co raised its holdings in NextEra Energy by 2.3% during the 4th quarter. Charles Schwab Trust Co now owns 7,619 shares of the utilities provider’s stock worth $546,000 after buying an additional 170 shares during the period. Finally, Solidarity Wealth LLC boosted its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. Solidarity Wealth LLC now owns 76,331 shares of the utilities provider’s stock valued at $5,472,000 after buying an additional 2,140 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.8 %

NEE opened at $70.83 on Tuesday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market cap of $145.66 billion, a PE ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $73.40 and a 200-day moving average of $77.24.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank lifted 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. Guggenheim increased 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. Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.15.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on 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 owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

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.