BTC Capital Management Inc. Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

BTC Capital Management Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,745 shares of the utilities provider’s stock after selling 3,461 shares during the period. BTC Capital Management Inc.’s holdings in NextEra Energy were worth $7,791,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter worth approximately $27,000. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in NextEra Energy in the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.6 %

NYSE:NEE opened at $71.31 on Friday. The stock has a fifty day moving average price of $72.60 and a two-hundred day moving average price of $77.06. The stock has a market capitalization of $146.64 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.48 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released 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 11.85% and a net margin of 28.06%. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NEE shares. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday. BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday. Finally, Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight 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, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $85.85.

Insider Activity

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

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.