MassMutual Private Wealth & Trust FSB Sells 3,750 Shares of NextEra Energy, Inc. (NYSE:NEE)

MassMutual Private Wealth & Trust FSB cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,244 shares of the utilities provider’s stock after selling 3,750 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in NextEra Energy were worth $18,155,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. International Assets Investment Management LLC increased its position in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after purchasing an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. grew its position in NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after acquiring an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after purchasing an additional 851,873 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.8 %

NYSE:NEE opened at $70.83 on Monday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $73.50 and a 200-day moving average price of $77.21. The stock has a market cap of $145.66 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.15.

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.