Mattern Wealth Management LLC Sells 555 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mattern Wealth Management LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,534 shares of the utilities provider’s stock after selling 555 shares during the quarter. Mattern Wealth Management LLC’s holdings in NextEra Energy were worth $1,329,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. Burkett Financial Services LLC raised its stake 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 buying an additional 332 shares during the period. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the third quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE opened at $73.69 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average of $73.02 and a 200 day moving average of $77.19. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock has a market cap of $151.53 billion, a P/E ratio of 21.80, a PEG ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly 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 return on equity of 11.94% and a net margin of 26.49%. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Scotiabank increased 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 report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Finally, Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

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.