Lebenthal Global Advisors LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Lebenthal Global Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,282 shares of the utilities provider’s stock after selling 1,309 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in NextEra Energy were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Baldwin Wealth Partners LLC MA increased its stake in NextEra Energy by 4.1% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 291,514 shares of the utilities provider’s stock valued at $20,899,000 after purchasing an additional 11,554 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of NextEra Energy by 131.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 16,949 shares of the utilities provider’s stock valued at $1,215,000 after buying an additional 9,632 shares during the last quarter. Parsons Capital Management Inc. RI increased its position in shares of NextEra Energy by 289.5% in the 4th quarter. Parsons Capital Management Inc. RI now owns 338,104 shares of the utilities provider’s stock valued at $24,239,000 after acquiring an additional 251,293 shares during the period. Cornell Pochily Investment Advisors Inc. raised its stake in NextEra Energy by 7.3% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 9,707 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 660 shares during the last quarter. Finally, Heartland Bank & Trust Co lifted its position in NextEra Energy by 9.3% during the 4th quarter. Heartland Bank & Trust Co now owns 3,638 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 309 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related 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 value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Up 1.2 %

Shares of NextEra Energy stock opened at $73.69 on Tuesday. The firm has a 50-day simple moving average of $73.02 and a two-hundred day simple moving average of $77.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market cap of $151.53 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. As a group, equities 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.