Magnolia Capital Advisors LLC Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Magnolia Capital Advisors LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,810 shares of the utilities provider’s stock after selling 577 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in NextEra Energy were worth $1,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. Czech National Bank boosted its holdings in NextEra Energy by 6.9% during the 3rd quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after acquiring an additional 27,020 shares during the period. Quent Capital LLC boosted its holdings in NextEra Energy by 6.0% during the 3rd quarter. Quent Capital LLC now owns 5,930 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 336 shares during the period. Handelsbanken Fonder AB boosted its holdings in NextEra Energy by 5.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 348,721 shares of the utilities provider’s stock valued at $29,477,000 after acquiring an additional 16,604 shares during the period. GAMMA Investing LLC boosted its holdings in NextEra Energy by 34.5% during the 3rd quarter. GAMMA Investing LLC now owns 26,804 shares of the utilities provider’s stock valued at $2,266,000 after acquiring an additional 6,880 shares during the period. Finally, Cora Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $201,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.5 %

NEE opened at $71.65 on Monday. The firm has a market cap of $147.34 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The business’s 50 day moving average is $72.51 and its two-hundred day moving average is $77.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its 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, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’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 sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Scotiabank lifted their price objective 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, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.85.

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.