Howard Capital Management Group LLC Sells 295,263 Shares of NextEra Energy, Inc. (NYSE:NEE)

Howard Capital Management Group LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 98.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,952 shares of the utilities provider’s stock after selling 295,263 shares during the quarter. Howard Capital Management Group LLC’s holdings in NextEra Energy were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Roberts Wealth Advisors LLC lifted its holdings in NextEra Energy by 5.5% in the 4th quarter. Roberts Wealth Advisors LLC now owns 73,019 shares of the utilities provider’s stock worth $5,060,000 after purchasing an additional 3,796 shares in the last quarter. Enclave Advisors LLC lifted its holdings in shares of NextEra Energy by 2.8% in the 4th quarter. Enclave Advisors LLC now owns 6,796 shares of the utilities provider’s stock worth $487,000 after buying an additional 187 shares during the period. Transform Wealth LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth $226,000. Alpha Cubed Investments LLC grew its holdings in NextEra Energy by 6.0% during the fourth quarter. Alpha Cubed Investments LLC now owns 696,223 shares of the utilities provider’s stock worth $49,912,000 after acquiring an additional 39,215 shares during the period. Finally, Clear Harbor Asset Management LLC grew its holdings in NextEra Energy by 76.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 6,383 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 2,771 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NEE shares. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.1 %

NYSE:NEE opened at $70.85 on Wednesday. The stock has a 50-day simple moving average of $73.40 and a 200 day simple moving average of $77.24. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $145.70 billion, a PE ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS 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.