Valley Brook Capital Group Inc. Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Valley Brook Capital Group Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,609 shares of the utilities provider’s stock after selling 1,156 shares during the period. Valley Brook Capital Group Inc.’s holdings in NextEra Energy were worth $1,119,000 at the end of the most recent reporting period.

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

NextEra Energy Price Performance

NEE stock opened at $70.36 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a market cap of $144.69 billion, a PE ratio of 20.88, a P/E/G ratio of 2.42 and a beta of 0.58. The firm has a 50 day simple moving average of $71.52 and a two-hundred day simple moving average of $77.00.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NEE. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Barclays boosted 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 note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.