Stockman Wealth Management Inc. Sells 193 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stockman Wealth Management Inc. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,084 shares of the utilities provider’s stock after selling 193 shares during the quarter. Stockman Wealth Management Inc.’s holdings in NextEra Energy were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Howland Capital Management LLC raised its holdings in NextEra Energy by 59.2% during the 4th quarter. Howland Capital Management LLC now owns 7,974 shares of the utilities provider’s stock worth $572,000 after purchasing an additional 2,965 shares during the last quarter. Benedict Financial Advisors Inc. increased its stake in NextEra Energy by 3.0% during the 4th quarter. Benedict Financial Advisors Inc. now owns 18,566 shares of the utilities provider’s stock worth $1,331,000 after purchasing an additional 540 shares in the last quarter. Richard C. Young & CO. LTD. increased its stake in NextEra Energy by 3.8% during the 4th quarter. Richard C. Young & CO. LTD. now owns 94,620 shares of the utilities provider’s stock worth $6,783,000 after purchasing an additional 3,483 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in NextEra Energy by 4.9% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 74,076 shares of the utilities provider’s stock worth $5,311,000 after purchasing an additional 3,438 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in NextEra Energy during the 4th quarter worth approximately $6,431,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 1.5 %

Shares of NYSE NEE opened at $68.24 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market capitalization of $140.33 billion, a PE ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58. The business’s fifty day moving average price is $71.66 and its 200-day moving average price is $76.98. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) 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, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NEE. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.85.

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.