NextEra Energy, Inc. (NYSE:NEE) Stock Position Trimmed by SFE Investment Counsel

SFE Investment Counsel cut its position in NextEra Energy, Inc. (NYSE:NEE) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,528 shares of the utilities provider’s stock after selling 4,684 shares during the period. NextEra Energy makes up 2.3% of SFE Investment Counsel’s holdings, making the stock its 10th largest position. SFE Investment Counsel’s holdings in NextEra Energy were worth $10,791,000 at the end of the most recent quarter.

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

NextEra Energy Trading Down 1.5 %

Shares of NextEra Energy stock opened at $69.28 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market capitalization of $142.47 billion, a PE ratio of 20.56, a P/E/G ratio of 2.42 and a beta of 0.58. The firm’s 50-day moving average price is $71.27 and its 200 day moving average price is $76.92.

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

Analyst Ratings Changes

Several research analysts recently weighed in on NEE shares. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note 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. Finally, Evercore ISI decreased 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.85.

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.