Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 4,732 Shares of NextEra Energy, Inc. (NYSE:NEE)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 19.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,431 shares of the utilities provider’s stock after selling 4,732 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NextEra Energy were worth $1,393,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the third quarter valued at about $27,000. Burkett Financial Services LLC increased its holdings 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 purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $28,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the third quarter valued at about $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Up 1.2 %

Shares of NYSE:NEE opened at $73.69 on Tuesday. The firm has a market capitalization of $151.53 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a 50 day moving average price of $73.02 and a 200-day moving average price of $77.19. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week 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 analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

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.