Mather Group LLC. Sells 1,719 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mather Group LLC. lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,538 shares of the utilities provider’s stock after selling 1,719 shares during the period. Mather Group LLC.’s holdings in NextEra Energy were worth $612,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NEE. Czech National Bank lifted its position in NextEra Energy by 6.9% during the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after purchasing an additional 27,020 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in NextEra Energy by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 12,950 shares of the utilities provider’s stock valued at $1,095,000 after purchasing an additional 644 shares in the last quarter. Callan Family Office LLC purchased a new position in NextEra Energy during the third quarter valued at $247,000. Dynamic Advisor Solutions LLC lifted its position in NextEra Energy by 1.6% during the third quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock valued at $2,563,000 after purchasing an additional 469 shares in the last quarter. Finally, City Holding Co. lifted its position in shares of NextEra Energy by 2.9% in the third quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock valued at $4,340,000 after acquiring an additional 1,470 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.0 %

Shares of NYSE NEE 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. The firm has a market capitalization of $142.24 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.50 and a beta of 0.58. The stock has a 50 day moving average price of $72.25 and a 200 day moving average price of $77.13. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays boosted their price objective 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. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

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.