NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,992 shares of the utilities provider’s stock after selling 6,101 shares during the period. Stephens Inc. AR’s holdings in NextEra Energy were worth $14,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $27,000. Burkett Financial Services LLC raised its holdings in 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 acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the 3rd quarter worth $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 value of $302,808.99. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 1.5 %

Shares of NextEra Energy stock opened at $68.24 on Friday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market capitalization of $140.33 billion, a P/E ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58. The business’s fifty day moving average price is $71.66 and its two-hundred day moving average price is $76.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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