First Citizens Bank & Trust Co. Sells 35,248 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Citizens Bank & Trust Co. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,436 shares of the utilities provider’s stock after selling 35,248 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in NextEra Energy were worth $4,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB grew its position in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its position in shares of NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares in the last quarter. Swiss National Bank grew its position in shares of NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Czech National Bank grew its position in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after purchasing an additional 9,425 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NEE shares. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Up 5.3 %

Shares of NYSE NEE opened at $72.91 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market cap of $149.93 billion, a P/E ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a 50-day simple moving average of $73.02 and a two-hundred day simple moving average of $77.12.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

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 directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

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.