NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 22.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,416 shares of the utilities provider’s stock after selling 4,210 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in NextEra Energy were worth $827,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Wimmer Associates 1 LLC boosted its stake in NextEra Energy by 3.6% in the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC boosted its stake in NextEra Energy by 2.1% in the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 139 shares during the period. Baldwin Investment Management LLC boosted its stake in NextEra Energy by 0.4% in the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after purchasing an additional 150 shares during the period. McAdam LLC boosted its stake in shares of NextEra Energy by 5.3% during the 2nd quarter. McAdam LLC now owns 3,134 shares of the utilities provider’s stock valued at $233,000 after buying an additional 157 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of NextEra Energy by 0.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 18,224 shares of the utilities provider’s stock valued at $1,310,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $56.45 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a market capitalization of $115.82 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 2.01 and a beta of 0.52. The company’s fifty day moving average is $59.66 and its two-hundred day moving average is $60.99. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period last year, the business posted $0.51 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other NextEra Energy news, Director Nicole S. Arnaboldi bought 8,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $59.59 per share, for a total transaction of $506,515.00. Following the transaction, the director now owns 11,523 shares in the company, valued at $686,655.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Citigroup began coverage on shares of NextEra Energy in a research note on Friday, December 8th. They set a “buy” rating and a $69.00 target price for the company. Morgan Stanley cut their price target on shares of NextEra Energy from $79.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, November 21st. Seaport Res Ptn downgraded shares of NextEra Energy from a “neutral” rating to a “sell” rating in a report on Thursday, November 9th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Finally, Evercore ISI dropped their target price on shares of NextEra Energy from $80.00 to $66.00 and set an “in-line” rating on the stock in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.85.

Read Our Latest Research Report on NextEra Energy

NextEra Energy Company Profile

(Free Report)

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, coal, and natural gas facilities. 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.

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

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