NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.3% in the 4th quarter, HoldingsChannel reports. The fund owned 9,601 shares of the utilities provider’s stock after selling 427 shares during the period. Quotient Wealth Partners LLC’s holdings in NextEra Energy were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Burkett Financial Services LLC boosted 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 valued at $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP acquired a new position in NextEra Energy during the third quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley increased their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NEE opened at $68.24 on Friday. The business’s 50-day moving average is $71.66 and its 200-day moving average is $76.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Company Profile

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.