Northeast Investment Management Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Northeast Investment Management lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 411,870 shares of the utilities provider’s stock after selling 2,300 shares during the quarter. NextEra Energy makes up 1.3% of Northeast Investment Management’s portfolio, making the stock its 23rd biggest position. Northeast Investment Management’s holdings in NextEra Energy were worth $29,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Nordea Investment Management AB raised its position in shares of NextEra Energy by 20.9% in 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 raised its holdings in 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 during the last quarter. Swiss National Bank lifted its stake in shares of NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares in the last quarter. Czech National Bank grew its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after buying an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its position in shares of NextEra Energy by 5.8% during the fourth 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 in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lowered shares of 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.85.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $68.24 on Friday. The stock has a market cap of $140.33 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.42 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. The company’s 50 day moving average is $71.66 and its two-hundred day moving average is $76.98. The company has a current ratio of 0.47, a quick ratio of 0.38 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 for the quarter, meeting analysts’ consensus estimates 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 anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

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.