Financial Advisory Partners LLC Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Financial Advisory Partners LLC trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,913 shares of the utilities provider’s stock after selling 512 shares during the quarter. NextEra Energy comprises 1.5% of Financial Advisory Partners LLC’s portfolio, making the stock its 19th largest position. Financial Advisory Partners LLC’s holdings in NextEra Energy were worth $4,439,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $69.17 on Thursday. The firm has a market cap of $142.24 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.50 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $72.25 and its two-hundred day moving average is $77.13. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last posted 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%. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on NEE. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI lowered their price target 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. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Scotiabank increased their target price on 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.