NextEra Energy, Inc. $NEE Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 43.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,739 shares of the utilities provider’s stock after selling 6,024 shares during the period. OneAscent Financial Services LLC’s holdings in NextEra Energy were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $2,375,545,000. Vanguard Group Inc. raised its holdings in NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NextEra Energy by 1,765.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after purchasing an additional 3,755,563 shares in the last quarter. Schroder Investment Management Group grew its holdings in NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of NextEra Energy by 181.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock valued at $151,718,000 after buying an additional 1,410,200 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, EVP Ronald R. Reagan sold 10,826 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total transaction of $920,210.00. Following the sale, the executive vice president directly owned 15,643 shares of the company’s stock, valued at approximately $1,329,655. This represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a report on Tuesday, December 9th. Citigroup reiterated a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a report on Wednesday, January 14th. New Street Research set a $84.00 target price on NextEra Energy in a research report on Monday, October 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $104.00 price target on shares of NextEra Energy in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.94.

NextEra Energy Stock Performance

NYSE NEE opened at $85.42 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The firm has a market capitalization of $177.90 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.63 and a beta of 0.74. The business’s 50-day simple moving average is $82.24 and its 200-day simple moving average is $78.72.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.