Choreo LLC Has $7.37 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Choreo LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,689 shares of the utilities provider’s stock after selling 2,525 shares during the period. Choreo LLC’s holdings in NextEra Energy were worth $7,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Czech National Bank grew its stake in shares of NextEra Energy by 6.9% during the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock worth $35,378,000 after purchasing an additional 27,020 shares during the period. Miracle Mile Advisors LLC boosted its holdings in NextEra Energy by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 12,950 shares of the utilities provider’s stock worth $1,095,000 after buying an additional 644 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $247,000. Dynamic Advisor Solutions LLC increased its stake in shares of NextEra Energy by 1.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock valued at $2,563,000 after acquiring an additional 469 shares during the last quarter. Finally, City Holding Co. raised its position in shares of NextEra Energy by 2.9% in the 3rd quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock valued at $4,340,000 after acquiring an additional 1,470 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NEE shares. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

Shares of NEE opened at $69.17 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a market capitalization of $142.24 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.50 and a beta of 0.58. The company has a 50 day moving average of $72.25 and a 200-day moving average of $77.13.

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

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the 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 directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This 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. 0.18% of the stock is owned by company insiders.

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.