NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lessened by Rheos Capital Works Inc.

Rheos Capital Works Inc. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,000 shares of the utilities provider’s stock after selling 70,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in NextEra Energy were worth $18,998,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Boston Trust Walden Corp boosted its position in NextEra Energy by 2.6% during the 4th quarter. Boston Trust Walden Corp now owns 31,504 shares of the utilities provider’s stock valued at $2,259,000 after purchasing an additional 784 shares during the period. One Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $213,000. Rice Partnership LLC grew its position in shares of NextEra Energy by 4.7% during the fourth quarter. Rice Partnership LLC now owns 69,071 shares of the utilities provider’s stock worth $4,952,000 after acquiring an additional 3,083 shares during the last quarter. Asset Management Advisors LLC increased its holdings in shares of NextEra Energy by 1.3% in the 4th quarter. Asset Management Advisors LLC now owns 115,316 shares of the utilities provider’s stock worth $8,267,000 after acquiring an additional 1,490 shares during the period. Finally, Brentview Investment Management LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $3,761,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight equities 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, the stock presently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

NYSE NEE opened at $71.65 on Monday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock’s 50-day moving average price is $72.51 and its two-hundred day moving average price is $77.14. The company has a market cap of $147.34 billion, a PE ratio of 21.26, a PEG ratio of 2.50 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 28.06% and a return on equity of 11.85%. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction 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 $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate 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.