Stonegate Investment Group LLC Sells 3,581 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stonegate Investment Group LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,715 shares of the utilities provider’s stock after selling 3,581 shares during the quarter. Stonegate Investment Group LLC’s holdings in NextEra Energy were worth $8,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Marshall Wace LLP lifted its stake in shares of NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after acquiring an additional 122,691 shares during the period. Ascent Group LLC lifted its position in shares of NextEra Energy by 14.8% in the 2nd quarter. Ascent Group LLC now owns 35,786 shares of the utilities provider’s stock worth $2,534,000 after purchasing an additional 4,620 shares during the period. Silver Lake Advisory LLC bought a new position in NextEra Energy during the second quarter worth $424,000. NewEdge Advisors LLC boosted its position in NextEra Energy by 7.1% during the second quarter. NewEdge Advisors LLC now owns 263,919 shares of the utilities provider’s stock valued at $18,688,000 after acquiring an additional 17,401 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in NextEra Energy by 195.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 20,982 shares of the utilities provider’s stock worth $1,486,000 after acquiring an additional 13,886 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.2 %

NEE stock opened at $73.69 on Tuesday. The stock’s 50 day moving average is $73.02 and its 200-day moving average is $77.19. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market capitalization of $151.53 billion, a PE ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling 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 completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEE. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays lifted their price target on shares of 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.85.

Get Our Latest Analysis 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.

Further Reading

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

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