NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,006 shares of the utilities provider’s stock after selling 150 shares during the period. Cigna Investments Inc. New’s holdings in NextEra Energy were worth $1,506,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Strengthening Families & Communities LLC lifted its holdings in shares of NextEra Energy by 2.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 34,004 shares of the utilities provider’s stock worth $2,438,000 after acquiring an additional 653 shares during the period. Peterson Wealth Services boosted its holdings in NextEra Energy by 10.8% in the fourth quarter. Peterson Wealth Services now owns 8,622 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 841 shares during the period. Axecap Investments LLC acquired a new position in NextEra Energy in the fourth quarter worth $3,038,000. Stonebridge Financial Group LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $4,147,000. Finally, First Fiduciary Investment Counsel Inc. boosted its holdings in shares of NextEra Energy by 0.6% during the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 150,529 shares of the utilities provider’s stock valued at $10,791,000 after acquiring an additional 907 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NEE shares. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Up 2.0 %

Shares of NYSE NEE opened at $69.66 on Tuesday. The stock has a market cap of $143.25 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.42 and a beta of 0.58. The business has a 50 day simple moving average of $71.66 and a 200 day simple moving average of $77.03. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.