Aljian Capital Management LLC Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Aljian Capital Management LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,518 shares of the utilities provider’s stock after selling 179 shares during the period. Aljian Capital Management LLC’s holdings in NextEra Energy were worth $324,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its stake in shares of NextEra Energy by 514.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 3,914 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $45,000. Creative Planning grew its position in NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after buying an additional 19,698 shares during the last quarter. Zhang Financial LLC increased its stake in NextEra Energy by 3.0% in the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock valued at $386,000 after buying an additional 135 shares during the period. Finally, Swedbank AB raised its position in NextEra Energy by 33.2% during the 3rd quarter. Swedbank AB now owns 661,623 shares of the utilities provider’s stock worth $55,927,000 after buying an additional 164,737 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Barclays boosted 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. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Down 1.5 %

Shares of NextEra Energy stock opened at $69.28 on Thursday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business has a 50 day moving average price of $71.27 and a 200 day moving average price of $76.92. The company has a market capitalization of $142.47 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.42 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 11.85% and a net margin of 28.06%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy 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.