Grant GrossMendelsohn LLC Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Grant GrossMendelsohn LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 58.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,483 shares of the utilities provider’s stock after selling 4,897 shares during the period. Grant GrossMendelsohn LLC’s holdings in NextEra Energy were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First National Bank of Mount Dora Trust Investment Services raised its stake in NextEra Energy by 2.7% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 30,785 shares of the utilities provider’s stock worth $2,207,000 after purchasing an additional 798 shares during the period. Relyea Zuckerberg Hanson LLC raised its position in shares of NextEra Energy by 4.4% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 8,428 shares of the utilities provider’s stock worth $604,000 after buying an additional 353 shares during the period. Saxon Interests Inc. boosted its holdings in NextEra Energy by 24.3% in the fourth quarter. Saxon Interests Inc. now owns 4,452 shares of the utilities provider’s stock valued at $319,000 after acquiring an additional 871 shares during the last quarter. Everpar Advisors LLC grew its position in NextEra Energy by 3.0% during the fourth quarter. Everpar Advisors LLC now owns 5,729 shares of the utilities provider’s stock valued at $411,000 after acquiring an additional 165 shares during the period. Finally, Border to Coast Pensions Partnership Ltd increased its stake in NextEra Energy by 4.1% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,265,802 shares of the utilities provider’s stock worth $90,684,000 after acquiring an additional 49,725 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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 Price Performance

Shares of NYSE NEE opened at $70.83 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business has a 50 day moving average price of $73.62 and a two-hundred day moving average price of $77.16. The firm has a market cap of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEE shares. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average target price of $87.15.

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.