NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Bill Few Associates Inc.

Bill Few Associates Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,147 shares of the utilities provider’s stock after selling 490 shares during the period. Bill Few Associates Inc.’s holdings in NextEra Energy were worth $441,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Tandem Capital Management Corp ADV increased its stake in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares in the last quarter. Insight Folios Inc raised its stake in shares of NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after buying an additional 126 shares during the last quarter. 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 valued at $655,000 after acquiring an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC increased its holdings in NextEra Energy by 1.2% during the 3rd 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 raised its position in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Guggenheim boosted their target price 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 3.4 %

Shares of NEE opened at $68.47 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company’s fifty day moving average is $73.21 and its two-hundred day moving average is $77.17. The firm has a market cap of $140.81 billion, a PE ratio of 20.26, a price-to-earnings-growth 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.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction 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. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.