Argus Investors Counsel Inc. Sells 1,718 Shares of NextEra Energy, Inc. (NYSE:NEE)

Argus Investors Counsel Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,945 shares of the utilities provider’s stock after selling 1,718 shares during the period. Argus Investors Counsel Inc.’s holdings in NextEra Energy were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP purchased a new stake in NextEra Energy during the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NEE shares. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

In other NextEra Energy 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 transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $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 available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $69.17 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market cap of $142.24 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The business has a fifty day moving average of $72.06 and a two-hundred day moving average of $77.07.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share 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.