Assetmark Inc. Sells 15,617 Shares of NextEra Energy, Inc. (NYSE:NEE)

Assetmark Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,002 shares of the utilities provider’s stock after selling 15,617 shares during the quarter. Assetmark Inc.’s holdings in NextEra Energy were worth $7,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenfield Savings Bank increased its holdings in NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 163 shares during the period. Bay Harbor Wealth Management LLC increased its stake in shares of NextEra Energy by 22.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after buying an additional 172 shares during the period. MKT Advisors LLC raised its holdings in shares of NextEra Energy by 2.9% during the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 173 shares in the last quarter. First Pacific Financial lifted its stake in NextEra Energy by 2.0% in the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after acquiring an additional 177 shares during the period. Finally, Diversified LLC boosted its holdings in NextEra Energy by 2.3% in the fourth quarter. Diversified LLC now owns 7,851 shares of the utilities provider’s stock valued at $477,000 after acquiring an additional 177 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE stock opened at $76.06 on Thursday. The company has a market capitalization of $156.27 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $77.41. The company’s 50-day moving average is $66.85 and its 200 day moving average is $61.34.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on NEE. BMO Capital Markets upped their price objective on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Mizuho raised their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Finally, Bank of America upped their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.64.

Read Our Latest Stock Report on NextEra Energy

NextEra Energy 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.

See Also

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

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