NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 518,622 shares of the utilities provider’s stock after selling 62,800 shares during the period. Compagnie Lombard Odier SCmA’s holdings in NextEra Energy were worth $37,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Life Planning Partners Inc acquired a new stake in shares of NextEra Energy during the fourth quarter worth $5,653,000. Pathway Financial Advisers LLC increased its holdings in shares of NextEra Energy by 2.6% in the 4th quarter. Pathway Financial Advisers LLC now owns 12,881 shares of the utilities provider’s stock worth $923,000 after acquiring an additional 330 shares during the period. Avestar Capital LLC increased its holdings in shares of NextEra Energy by 10.3% in the 4th quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock worth $838,000 after acquiring an additional 1,092 shares during the period. Castle Wealth Management LLC increased its holdings in shares of NextEra Energy by 5.0% in the 4th quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock worth $1,382,000 after acquiring an additional 918 shares during the period. Finally, Naples Global Advisors LLC increased its holdings in shares of NextEra Energy by 1.5% in the 4th quarter. Naples Global Advisors LLC now owns 92,657 shares of the utilities provider’s stock worth $6,643,000 after acquiring an additional 1,351 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE:NEE opened at $68.61 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $71.27 and a 200-day moving average of $76.92. The firm has a market cap of $141.10 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

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, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.