NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,659 shares of the utilities provider’s stock after selling 3,812 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in NextEra Energy were worth $5,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the third quarter worth approximately $39,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 5.3 %

Shares of NextEra Energy stock opened at $72.91 on Friday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market capitalization of $149.93 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average is $73.02 and its 200-day moving average is $77.12.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.15.

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.