Highland Capital Management LLC Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

Highland Capital Management LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 62,202 shares of the utilities provider’s stock after selling 1,400 shares during the period. Highland Capital Management LLC’s holdings in NextEra Energy were worth $4,459,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in shares of NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after buying an additional 26,270 shares in the last quarter. Swiss National Bank lifted its position in shares of NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares in the last quarter. Czech National Bank lifted its position in shares of NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after buying an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in shares of NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after buying an additional 9,425 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.6 %

NEE opened at $70.95 on Thursday. The stock has a market cap of $145.90 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.29 and a beta of 0.58. The stock’s 50 day moving average price is $72.83 and its 200-day moving average price is $77.14. NextEra Energy, Inc. has a one year low of $53.95 and a one year 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.

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

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday. Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price objective on 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, Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. 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 currently has an average rating of “Hold” and a consensus price target of $85.85.

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 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy 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.