NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Hemington Wealth Management

Hemington Wealth Management trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,018 shares of the utilities provider’s stock after selling 410 shares during the period. Hemington Wealth Management’s holdings in NextEra Energy were worth $861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. 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. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

Shares of NEE opened at $69.28 on Thursday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a market cap of $142.47 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a fifty day moving average of $71.40 and a 200-day moving average of $76.97.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 net margin of 28.06% and a return on equity of 11.85%. As a group, equities 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.