NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,500 shares of the utilities provider’s stock after selling 896 shares during the quarter. Citizens & Northern Corp’s holdings in NextEra Energy were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $2,561,055,000. Northern Trust Corp lifted its holdings in shares of NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after buying an additional 455,271 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of NextEra Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of NextEra Energy by 8.2% in the fourth quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock valued at $358,717,000 after buying an additional 449,387 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NYSE:NEE traded down $1.37 during mid-day trading on Thursday, hitting $74.95. The company’s stock had a trading volume of 5,669,440 shares, compared to its average volume of 11,645,635. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $77.41. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average of $66.85 and a 200-day moving average of $61.34. The company has a market capitalization of $153.99 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.82 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. BMO Capital Markets boosted their target price on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Morgan Stanley boosted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $72.64.

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.