NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,282 shares of the utilities provider’s stock after selling 1,309 shares during the period. Lebenthal Global Advisors LLC’s holdings in NextEra Energy were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake 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 boosted its position in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after acquiring an additional 21,400 shares during the last quarter. Czech National Bank grew its stake in NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after acquiring an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after acquiring an additional 9,425 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $73.69 on Tuesday. 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 firm has a market cap of $151.53 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 0.58. The firm’s 50 day moving average price is $73.02 and its 200-day moving average price is $77.19. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday. 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. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

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 shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.