First United Bank & Trust Sells 205 Shares of NextEra Energy, Inc. (NYSE:NEE)

First United Bank & Trust reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,141 shares of the utilities provider’s stock after selling 205 shares during the quarter. First United Bank & Trust’s holdings in NextEra Energy were worth $727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $27,000. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $28,000. Finally, Quarry LP bought a new position in shares of NextEra Energy in the third quarter worth approximately $33,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Stock Down 0.8 %

Shares of NYSE NEE opened at $70.83 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm’s 50-day moving average price is $73.50 and its 200-day moving average price is $77.25. The stock has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a P/E/G 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal 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.