Center For Asset Management LLC Sells 1,214 Shares of NextEra Energy, Inc. (NYSE:NEE)

Center For Asset Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,153 shares of the utilities provider’s stock after selling 1,214 shares during the period. NextEra Energy comprises approximately 1.3% of Center For Asset Management LLC’s holdings, making the stock its 24th largest holding. Center For Asset Management LLC’s holdings in NextEra Energy were worth $2,018,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NEE. Cornerstone Wealth Group LLC boosted its position in shares of NextEra Energy by 89.9% during the 4th quarter. Cornerstone Wealth Group LLC now owns 27,640 shares of the utilities provider’s stock valued at $1,982,000 after acquiring an additional 13,086 shares in the last quarter. KBC Group NV lifted its stake in NextEra Energy by 5.4% during the fourth quarter. KBC Group NV now owns 169,436 shares of the utilities provider’s stock worth $12,147,000 after purchasing an additional 8,634 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $3,015,000. Capital Asset Advisory Services LLC grew its stake in shares of NextEra Energy by 2.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 28,926 shares of the utilities provider’s stock valued at $2,082,000 after purchasing an additional 798 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of NextEra Energy by 16.6% in the 4th quarter. Blue Trust Inc. now owns 43,007 shares of the utilities provider’s stock worth $3,083,000 after buying an additional 6,133 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 5.3 %

NYSE:NEE opened at $72.91 on Monday. The company has a market cap of $149.93 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. 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 stock’s fifty day moving average price is $73.02 and its two-hundred day moving average price is $77.19. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. 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 boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $87.15.

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.