Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 4,732 Shares of NextEra Energy, Inc. (NYSE:NEE)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,431 shares of the utilities provider’s stock after selling 4,732 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NextEra Energy were worth $1,393,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after acquiring an additional 122,691 shares during the last quarter. Ascent Group LLC lifted its position in shares of NextEra Energy by 14.8% in the second quarter. Ascent Group LLC now owns 35,786 shares of the utilities provider’s stock valued at $2,534,000 after buying an additional 4,620 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in NextEra Energy during the 2nd quarter valued at $424,000. NewEdge Advisors LLC boosted its holdings in shares of NextEra Energy by 7.1% during the 2nd quarter. NewEdge Advisors LLC now owns 263,919 shares of the utilities provider’s stock worth $18,688,000 after buying an additional 17,401 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of NextEra Energy by 195.7% during the second quarter. Sunbelt Securities Inc. now owns 20,982 shares of the utilities provider’s stock worth $1,486,000 after acquiring an additional 13,886 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NEE shares. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays lifted their price objective 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. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

Shares of NEE opened at $73.69 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm’s fifty day simple moving average is $73.02 and its two-hundred day simple moving average is $77.19. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market capitalization of $151.53 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

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

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

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.