NextEra Energy, Inc. (NYSE:NEE) Shares Sold by TFC Financial Management Inc.

TFC Financial Management Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,743 shares of the utilities provider’s stock after selling 379 shares during the period. TFC Financial Management Inc.’s holdings in NextEra Energy were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of NextEra Energy by 514.3% in the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 3,914 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at about $45,000. Creative Planning raised its position in NextEra Energy by 2.4% during the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after acquiring an additional 19,698 shares during the last quarter. Zhang Financial LLC raised its position in NextEra Energy by 3.0% during the third quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 135 shares during the last quarter. Finally, Swedbank AB raised its position in NextEra Energy by 33.2% during the third quarter. Swedbank AB now owns 661,623 shares of the utilities provider’s stock worth $55,927,000 after acquiring an additional 164,737 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NEE shares. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Down 1.5 %

Shares of NYSE:NEE opened at $69.28 on Thursday. The stock has a market capitalization of $142.47 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company’s fifty day moving average is $71.40 and its two-hundred day moving average is $76.97. 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 (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 net margin of 28.06% and a return on equity of 11.85%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy 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.