NextEra Energy, Inc. (NYSE:NEE) Stake Cut by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,936 shares of the utilities provider’s stock after selling 363 shares during the period. TriaGen Wealth Management LLC’s holdings in NextEra Energy were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Burkett Financial Services LLC grew its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the fourth quarter worth about $28,000. Quarry LP bought a new stake in NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value 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 represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on NEE shares. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.65 on Friday. The company has a market capitalization of $147.34 billion, a PE ratio of 21.26, a price-to-earnings-growth 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. The stock has a fifty day moving average of $72.60 and a 200-day moving average of $77.06. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted 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, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

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.