NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 32.1% in the 4th quarter, HoldingsChannel reports. The firm owned 16,439 shares of the utilities provider’s stock after selling 7,789 shares during the period. Strategic Investment Advisors MI’s holdings in NextEra Energy were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after acquiring an additional 820,704 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after acquiring an additional 86,758 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NextEra Energy by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after acquiring an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on 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 directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Scotiabank upped their price objective 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. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight equities research 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 presently has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Performance

NextEra Energy stock opened at $72.91 on Monday. The stock has a market cap of $149.93 billion, a P/E ratio of 21.57, a price-to-earnings-growth 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. The stock has a 50 day moving average of $73.02 and a 200-day moving average of $77.16. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, analysts expect that NextEra Energy, Inc. will post 3.41 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.