Hartford Investment Management Co. Sells 2,189 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hartford Investment Management Co. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,132 shares of the utilities provider’s stock after selling 2,189 shares during the period. Hartford Investment Management Co.’s holdings in NextEra Energy were worth $9,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC increased its holdings in shares of NextEra Energy by 514.3% during the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock worth $395,000 after buying an additional 3,914 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of NextEra Energy by 2.4% during the third quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock worth $1,097,000 after buying an additional 306 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in NextEra Energy in the third quarter valued at $45,000. Wesbanco Bank Inc. increased its holdings in NextEra Energy by 13.4% in the third quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock valued at $24,700,000 after purchasing an additional 34,464 shares during the period. Finally, Creative Planning increased its holdings in NextEra Energy by 2.4% in the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after purchasing an additional 19,698 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NEE has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley increased their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a 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 data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.36 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $71.52 and a two-hundred day moving average price of $77.00. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market cap of $144.69 billion, a P/E ratio of 20.88, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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%. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current 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.