HL Financial Services LLC Cuts Stake in NextEra Energy (NYSE:NEE)

HL Financial Services LLC lowered its holdings in NextEra Energy (NYSE:NEE) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,634 shares of the utilities provider’s stock after selling 1,223 shares during the period. HL Financial Services LLC’s holdings in NextEra Energy were worth $7,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Cambridge Investment Research Advisors Inc. increased its stake in NextEra Energy by 11.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the utilities provider’s stock valued at $7,187,000 after buying an additional 4,883 shares during the period. Certified Advisory Corp acquired a new position in shares of NextEra Energy during the 4th quarter worth $208,000. Ackerman Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $210,000. Fairfield Bush & CO. grew its stake in NextEra Energy by 96.6% in the 4th quarter. Fairfield Bush & CO. now owns 2,850 shares of the utilities provider’s stock valued at $445,000 after acquiring an additional 1,400 shares during the last quarter. Finally, KCM Investment Advisors LLC grew its stake in NextEra Energy by 0.7% in the 4th quarter. KCM Investment Advisors LLC now owns 112,974 shares of the utilities provider’s stock valued at $17,645,000 after acquiring an additional 805 shares during the last quarter. Institutional investors own 76.38% of the company’s stock.

Shares of NextEra Energy opened at $156.42 on Friday, Marketbeat.com reports. The stock has a market cap of $74.79 billion, a PE ratio of 23.35, a PEG ratio of 2.34 and a beta of 0.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46. NextEra Energy has a 52-week low of $157.17 and a 52-week high of $159.00.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. equities analysts expect that NextEra Energy will post 7.74 earnings per share for the current fiscal year.

NEE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 target price on the stock. in a report on Wednesday, April 11th. JPMorgan Chase raised their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, April 26th. UBS started coverage on shares of NextEra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Guggenheim reaffirmed a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research report on Friday, January 26th. Finally, Morgan Stanley decreased their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $168.92.

In other NextEra Energy news, EVP Miguel Arechabala sold 5,093 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $157.80, for a total value of $803,675.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James L. Robo sold 18,000 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $160.89, for a total value of $2,896,020.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,265 shares of company stock worth $9,726,667. 0.55% of the stock is currently owned by company insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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