Bill Few Associates Inc. Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Bill Few Associates Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,147 shares of the utilities provider’s stock after selling 490 shares during the period. Bill Few Associates Inc.’s holdings in NextEra Energy were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its position 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 worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the fourth quarter worth about $28,000. Finally, Quarry LP acquired a new position in NextEra Energy in the third quarter worth about $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 3.4 %

Shares of NYSE:NEE opened at $68.47 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock’s 50-day moving average is $73.21 and its 200-day moving average is $77.17. The company has a market cap of $140.81 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the business earned $0.94 earnings per share. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were 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 trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Morgan Stanley dropped 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. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Company 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.