Baron Wealth Management LLC Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Baron Wealth Management LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,773 shares of the utilities provider’s stock after selling 394 shares during the period. Baron Wealth Management LLC’s holdings in NextEra Energy were worth $414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Planning Group LLC lifted its holdings in shares of NextEra Energy by 5.1% during the 4th quarter. Strategic Planning Group LLC now owns 51,152 shares of the utilities provider’s stock worth $3,667,000 after acquiring an additional 2,459 shares during the last quarter. Gries Financial LLC grew its holdings in shares of NextEra Energy by 26.8% during the 4th quarter. Gries Financial LLC now owns 6,504 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 1,375 shares during the last quarter. New England Research & Management Inc. increased its holdings in shares of NextEra Energy by 18.3% in the fourth quarter. New England Research & Management Inc. now owns 22,638 shares of the utilities provider’s stock worth $1,623,000 after buying an additional 3,505 shares during the period. Hanson & Doremus Investment Management lifted its stake in shares of NextEra Energy by 51.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 6,451 shares of the utilities provider’s stock valued at $462,000 after acquiring an additional 2,196 shares during the last quarter. Finally, Plimoth Trust Co. LLC grew its position in NextEra Energy by 0.9% during the 4th quarter. Plimoth Trust Co. LLC now owns 57,713 shares of the utilities provider’s stock worth $4,137,000 after acquiring an additional 489 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group reduced their target price 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 research note on Monday. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Trading Up 0.6 %

NextEra Energy stock opened at $70.95 on Thursday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business’s fifty day moving average is $72.83 and its 200 day moving average is $77.14. The stock has a market capitalization of $145.90 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.