NextEra Energy, Inc. (NYSE:NEE) Position Lessened by New Century Financial Group LLC

New Century Financial Group LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 26.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,473 shares of the utilities provider’s stock after selling 3,008 shares during the quarter. New Century Financial Group LLC’s holdings in NextEra Energy were worth $610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NEE. Marshall Wace LLP lifted its holdings in shares of NextEra Energy by 1,337.2% during the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after buying an additional 122,691 shares during the last quarter. Sfmg LLC bought a new position in NextEra Energy during the second quarter worth about $212,000. Fred Alger Management LLC grew its stake in shares of NextEra Energy by 267.2% in the 2nd quarter. Fred Alger Management LLC now owns 179,801 shares of the utilities provider’s stock valued at $12,732,000 after purchasing an additional 130,829 shares during the period. AlTi Global Inc. lifted its holdings in shares of NextEra Energy by 37.7% during the second quarter. AlTi Global Inc. now owns 7,623 shares of the utilities provider’s stock valued at $540,000 after acquiring an additional 2,086 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in NextEra Energy by 7.6% during the 2nd quarter. APG Asset Management N.V. now owns 2,463,445 shares of the utilities provider’s stock valued at $162,759,000 after purchasing an additional 173,173 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Up 1.0 %

NEE stock opened at $69.16 on Friday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business’s 50 day simple moving average is $73.21 and its 200 day simple moving average is $77.17. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $142.21 billion, a PE ratio of 20.46, a PEG ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

About NextEra Energy

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.