AM Investment Strategies LLC Sells 201 Shares of NextEra Energy, Inc. (NYSE:NEE)

AM Investment Strategies LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,041 shares of the utilities provider’s stock after selling 201 shares during the quarter. AM Investment Strategies LLC’s holdings in NextEra Energy were worth $218,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP increased its stake in NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after acquiring an additional 122,691 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in NextEra Energy in the second quarter valued at approximately $428,000. Daymark Wealth Partners LLC boosted its position in NextEra Energy by 11.2% in the second quarter. Daymark Wealth Partners LLC now owns 43,183 shares of the utilities provider’s stock valued at $3,058,000 after buying an additional 4,352 shares in the last quarter. MBB Public Markets I LLC boosted its position in NextEra Energy by 1,206.5% in the second quarter. MBB Public Markets I LLC now owns 144,638 shares of the utilities provider’s stock valued at $10,242,000 after buying an additional 133,567 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in NextEra Energy by 62.0% in the second quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock valued at $61,392,000 after buying an additional 331,857 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 5.3 %

NYSE:NEE opened at $72.91 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a 50-day moving average of $73.09 and a 200-day moving average of $77.12. The company has a market cap of $149.93 billion, a PE ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. 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 earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NEE. Guggenheim lifted their price target 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. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average price target of $87.15.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

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.