Foundations Investment Advisors LLC Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

Foundations Investment Advisors LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 18.1% during the 4th quarter, HoldingsChannel reports. The firm owned 6,961 shares of the utilities provider’s stock after selling 1,541 shares during the period. Foundations Investment Advisors LLC’s holdings in NextEra Energy were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Markets Americas LLC bought a new stake in shares of NextEra Energy in the third quarter valued at about $141,817,000. Nordea Investment Management AB increased its position in NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after purchasing an additional 2,148,205 shares during the period. International Assets Investment Management LLC raised its holdings in shares of NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $94,883,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.4 %

NEE stock opened at $76.09 on Friday. The stock has a market capitalization of $156.33 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.80 and a beta of 0.50. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $77.41. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average of $65.76 and a 200 day moving average of $60.98.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company posted $0.84 earnings per share. The business’s quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Bank of America boosted their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, Mizuho raised their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.64.

Check Out Our Latest Research Report on NEE

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,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.

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

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