Argus Investors Counsel Inc. Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Argus Investors Counsel Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,945 shares of the utilities provider’s stock after selling 1,718 shares during the period. Argus Investors Counsel Inc.’s holdings in NextEra Energy were worth $856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Czech National Bank raised its stake in NextEra Energy by 6.9% during the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after buying an additional 27,020 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of NextEra Energy by 5.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,950 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 644 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $247,000. Dynamic Advisor Solutions LLC lifted its stake in NextEra Energy by 1.6% during the third quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock worth $2,563,000 after purchasing an additional 469 shares during the last quarter. Finally, City Holding Co. boosted its holdings in NextEra Energy by 2.9% in the third quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock worth $4,340,000 after purchasing an additional 1,470 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy 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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $69.17 on Thursday. The stock has a fifty day moving average price of $72.06 and a two-hundred day moving average price of $77.07. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a market cap of $142.24 billion, a P/E ratio of 20.52, a PEG ratio of 2.50 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.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. Research analysts forecast 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.