NextEra Energy, Inc. (NYSE:NEE) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 108,745 shares of the utilities provider’s stock after selling 3,461 shares during the period. BTC Capital Management Inc.’s holdings in NextEra Energy were worth $7,791,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC lifted its stake in shares of NextEra Energy by 11.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 3,503 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 346 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of NextEra Energy by 69.7% in the 2nd quarter. Anchor Investment Management LLC now owns 49,926 shares of the utilities provider’s stock valued at $3,535,000 after purchasing an additional 20,500 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of NextEra Energy by 9.2% in the 2nd quarter. Centaurus Financial Inc. now owns 21,278 shares of the utilities provider’s stock valued at $1,507,000 after purchasing an additional 1,794 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at about $2,714,000. Finally, Bridge Advisory LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at about $201,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE opened at $71.31 on Friday. The firm has a market cap of $146.64 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.48 and a beta of 0.58. The stock has a 50 day moving average of $72.60 and a 200-day moving average of $77.06. 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, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

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

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’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 in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NEE shares. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a report on Monday. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday. Finally, Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.