NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Level Financial Advisors

Level Financial Advisors reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,861 shares of the utilities provider’s stock after selling 162 shares during the quarter. Level Financial Advisors’ holdings in NextEra Energy were worth $492,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its position in shares of NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after acquiring an additional 122,691 shares during the last quarter. Ascent Group LLC boosted its holdings in shares of NextEra Energy by 14.8% in the 2nd quarter. Ascent Group LLC now owns 35,786 shares of the utilities provider’s stock valued at $2,534,000 after purchasing an additional 4,620 shares during the last quarter. Silver Lake Advisory LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $424,000. NewEdge Advisors LLC increased its holdings in shares of NextEra Energy by 7.1% during the 2nd quarter. NewEdge Advisors LLC now owns 263,919 shares of the utilities provider’s stock worth $18,688,000 after buying an additional 17,401 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of NextEra Energy by 195.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 20,982 shares of the utilities provider’s stock worth $1,486,000 after buying an additional 13,886 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction 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. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NEE shares. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Performance

NYSE:NEE opened at $73.69 on Tuesday. The firm has a 50-day moving average of $73.02 and a two-hundred day moving average of $77.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market cap of $151.53 billion, a P/E ratio of 21.80, a PEG ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal 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.