Farmers & Merchants Trust Co of Chambersburg PA Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Farmers & Merchants Trust Co of Chambersburg PA cut its position in NextEra Energy, Inc. (NYSE:NEE) by 15.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,071 shares of the utilities provider’s stock after selling 2,838 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in NextEra Energy were worth $1,080,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEE. Life Planning Partners Inc purchased a new position in NextEra Energy in the 4th quarter valued at about $5,653,000. Pathway Financial Advisers LLC lifted its stake in shares of NextEra Energy by 2.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 12,881 shares of the utilities provider’s stock worth $923,000 after acquiring an additional 330 shares in the last quarter. Avestar Capital LLC boosted its holdings in NextEra Energy by 10.3% in the fourth quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 1,092 shares during the last quarter. Castle Wealth Management LLC grew its stake in NextEra Energy by 5.0% during the 4th quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock valued at $1,382,000 after purchasing an additional 918 shares in the last quarter. Finally, Naples Global Advisors LLC increased its holdings in NextEra Energy by 1.5% during the 4th quarter. Naples Global Advisors LLC now owns 92,657 shares of the utilities provider’s stock worth $6,643,000 after purchasing an additional 1,351 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI decreased their price target on 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Down 1.0 %

Shares of NYSE NEE opened at $68.61 on Friday. The company has a market cap of $141.10 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The stock’s 50 day simple moving average is $71.27 and its 200 day simple moving average is $76.92. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

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%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS 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.