Princeton Global Asset Management LLC Sells 466 Shares of NextEra Energy, Inc. (NYSE:NEE)

Princeton Global Asset Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 50,379 shares of the utilities provider’s stock after selling 466 shares during the quarter. Princeton Global Asset Management LLC’s holdings in NextEra Energy were worth $3,612,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Czech National Bank raised its stake 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. Quent Capital LLC raised its position in shares of NextEra Energy by 6.0% during the 3rd quarter. Quent Capital LLC now owns 5,930 shares of the utilities provider’s stock valued at $501,000 after buying an additional 336 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of NextEra Energy by 5.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 348,721 shares of the utilities provider’s stock valued at $29,477,000 after buying an additional 16,604 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NextEra Energy by 34.5% in the 3rd quarter. GAMMA Investing LLC now owns 26,804 shares of the utilities provider’s stock valued at $2,266,000 after acquiring an additional 6,880 shares during the last quarter. Finally, Cora Capital Advisors LLC purchased a new position in NextEra Energy in the third quarter worth about $201,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 0.5 %

Shares of NYSE NEE opened at $71.65 on Monday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market cap of $147.34 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The business has a fifty day simple moving average of $72.51 and a two-hundred day simple moving average of $77.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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%. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Barclays lifted 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. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Eight research 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 target price of $85.85.

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.