Triangle Securities Wealth Management Has $2.42 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Triangle Securities Wealth Management reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,700 shares of the utilities provider’s stock after selling 751 shares during the period. Triangle Securities Wealth Management’s holdings in NextEra Energy were worth $2,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Edgestream Partners L.P. grew its position in NextEra Energy by 485.1% in the second quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider’s stock valued at $1,301,000 after acquiring an additional 15,233 shares during the last quarter. Brighton Jones LLC increased its stake in shares of NextEra Energy by 1.2% in the second quarter. Brighton Jones LLC now owns 30,219 shares of the utilities provider’s stock valued at $2,140,000 after buying an additional 370 shares during the period. Ieq Capital LLC raised its holdings in NextEra Energy by 27.4% in the 2nd quarter. Ieq Capital LLC now owns 74,202 shares of the utilities provider’s stock valued at $5,254,000 after buying an additional 15,948 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of NextEra Energy by 41.8% during the second quarter. Bridges Investment Management Inc. now owns 28,586 shares of the utilities provider’s stock worth $2,024,000 after purchasing an additional 8,421 shares during the period. Finally, King Luther Capital Management Corp grew its stake in shares of NextEra Energy by 4.9% in the second quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider’s stock worth $1,284,000 after purchasing an additional 844 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target 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. Finally, Scotiabank lifted their price objective on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Trading Down 0.8 %

NEE opened at $70.83 on Friday. The firm has a market capitalization of $145.66 billion, a PE ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company’s 50-day moving average is $73.50 and its 200 day moving average is $77.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

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

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.