Fifth Third Bancorp Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Fifth Third Bancorp lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,044,780 shares of the utilities provider’s stock after selling 49,993 shares during the quarter. Fifth Third Bancorp owned approximately 0.10% of NextEra Energy worth $146,590,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tandem Capital Management Corp ADV lifted its position in shares of NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Insight Folios Inc boosted its position in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after buying an additional 126 shares during the period. Taylor & Morgan Wealth Management LLC grew its stake in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC raised its stake in shares of NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in shares of NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $72.91 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. 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 company has a market cap of $149.93 billion, a PE ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. The business has a 50-day simple moving average of $73.09 and a two-hundred day simple moving average of $77.12.

NextEra Energy (NYSE:NEE) last released 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 net margin of 26.49% and a return on equity of 11.94%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NEE. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Scotiabank boosted their price objective 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. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus price target 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.