Moreno Evelyn V Sells 49,357 Shares of NextEra Energy, Inc. (NYSE:NEE)

Moreno Evelyn V cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 65.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,201 shares of the utilities provider’s stock after selling 49,357 shares during the period. Moreno Evelyn V’s holdings in NextEra Energy were worth $1,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares during the last quarter. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $2,561,055,000. Northern Trust Corp increased its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after purchasing an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NextEra Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after purchasing an additional 429,979 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of NextEra Energy by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after purchasing an additional 449,387 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE traded down $1.07 during trading hours on Thursday, reaching $75.25. 3,767,000 shares of the company’s stock traded hands, compared to its average volume of 11,627,801. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $77.41. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The stock has a market cap of $154.60 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The firm’s 50 day simple moving average is $66.85 and its 200-day simple moving average is $61.34.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Wells Fargo & Company increased their target price on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Morgan Stanley raised their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.64.

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.