NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Berkshire Bank

Berkshire Bank lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,861 shares of the utilities provider’s stock after selling 614 shares during the quarter. Berkshire Bank’s holdings in NextEra Energy were worth $3,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC grew its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC acquired a new position in NextEra Energy during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in NextEra Energy during the third quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the third quarter worth $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday. Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays increased their target price 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. 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, BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 1.2 %

Shares of NYSE:NEE opened at $73.69 on Tuesday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market cap of $151.53 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a fifty day simple moving average of $73.02 and a 200 day simple moving average of $77.19.

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

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’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 value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, 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. 0.18% of the stock is currently owned by 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.