NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Saxony Capital Management LLC

Saxony Capital Management LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 22.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,929 shares of the utilities provider’s stock after selling 1,145 shares during the quarter. Saxony Capital Management LLC’s holdings in NextEra Energy were worth $282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP bought a new stake in NextEra Energy during the third quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $71.31 on Friday. The firm has a market capitalization of $146.64 billion, a PE ratio of 21.16, a P/E/G ratio of 2.48 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $72.60 and a 200 day moving average price of $77.06. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In other 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 directly owns 15,792 shares of the company’s stock, 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 SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday. BMO Capital Markets increased their price target 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 company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.85.

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.