Center For Asset Management LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 28,153 shares of the utilities provider’s stock after selling 1,214 shares during the quarter. NextEra Energy accounts for about 1.3% of Center For Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Center For Asset Management LLC’s holdings in NextEra Energy were worth $2,018,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NEE. Marshall Wace LLP raised its holdings in NextEra Energy by 1,337.2% during the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after buying an additional 122,691 shares during the period. Ascent Group LLC raised its holdings in shares of NextEra Energy by 14.8% during the second quarter. Ascent Group LLC now owns 35,786 shares of the utilities provider’s stock worth $2,534,000 after acquiring an additional 4,620 shares during the period. Creative Planning lifted its position in NextEra Energy by 7.0% in the 2nd quarter. Creative Planning now owns 811,472 shares of the utilities provider’s stock valued at $57,460,000 after acquiring an additional 53,191 shares in the last quarter. Magnolia Capital Advisors LLC boosted its stake in NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the period. Finally, Silver Lake Advisory LLC bought a new position in NextEra Energy during the 2nd quarter worth about $424,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Price Performance
NextEra Energy stock opened at $72.91 on Monday. The company has a market capitalization of $149.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock’s 50 day moving average is $73.02 and its 200-day moving average is $77.19.
Insider Buying and Selling
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’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 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 document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NEE. Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley upped 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. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays increased their target price 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. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.15.
Check Out Our Latest Report on NEE
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.
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