Rheos Capital Works Inc. Has $19 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Rheos Capital Works Inc. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 20.9% during the fourth quarter, HoldingsChannel reports. The firm owned 265,000 shares of the utilities provider’s stock after selling 70,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in NextEra Energy were worth $18,998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at $27,000. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the fourth 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 period. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NEE shares. Guggenheim boosted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank raised their target price 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. Finally, JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE opened at $71.65 on Monday. The company has a fifty day simple moving average of $72.51 and a 200 day simple moving average of $77.14. 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 stock has a market cap of $147.34 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

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.