NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. trimmed its position in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 1.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,649 shares of the utilities provider’s stock after selling 157 shares during the period. Bellecapital International Ltd.’s holdings in NextEra Energy were worth $913,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. AMJ Financial Wealth Management boosted its stake in NextEra Energy by 39.0% in the third quarter. AMJ Financial Wealth Management now owns 50,275 shares of the utilities provider’s stock valued at $3,942,000 after acquiring an additional 14,099 shares during the period. Cowa LLC acquired a new position in NextEra Energy in the third quarter valued at approximately $63,000. Chevy Chase Trust Holdings LLC boosted its stake in NextEra Energy by 5.2% in the third quarter. Chevy Chase Trust Holdings LLC now owns 2,902,634 shares of the utilities provider’s stock valued at $227,596,000 after acquiring an additional 143,100 shares during the period. XML Financial LLC boosted its position in shares of NextEra Energy by 30.4% during the third quarter. XML Financial LLC now owns 11,383 shares of the utilities provider’s stock worth $893,000 after buying an additional 2,654 shares during the period. Finally, Carderock Capital Management Inc. boosted its position in shares of NextEra Energy by 36.8% during the third quarter. Carderock Capital Management Inc. now owns 48,989 shares of the utilities provider’s stock worth $3,841,000 after buying an additional 13,182 shares during the period. 76.17% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $4.28 during trading on Wednesday, hitting $79.62. The company had a trading volume of 2,239,741 shares, compared to its average volume of 5,830,803. The company has a market cap of $158.22 billion, a P/E ratio of 43.25, a PEG ratio of 2.76 and a beta of 0.48. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $91.35. The business’s 50-day moving average is $84.31 and its 200 day moving average is $83.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.40 and a current ratio of 0.46.

NextEra Energy (NYSE:NEEGet Rating) last posted its quarterly earnings results on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 19.30%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Miguel Arechabala sold 12,478 shares of the company’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $85.89, for a total value of $1,071,735.42. Following the transaction, the executive vice president now owns 24,710 shares of the company’s stock, valued at $2,122,341.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NextEra Energy news, EVP Charles E. Sieving sold 7,723 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $85.00, for a total transaction of $656,455.00. Following the sale, the executive vice president now directly owns 178,227 shares of the company’s stock, valued at approximately $15,149,295. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Miguel Arechabala sold 12,478 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $85.89, for a total transaction of $1,071,735.42. Following the sale, the executive vice president now directly owns 24,710 shares in the company, valued at $2,122,341.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,617 shares of company stock valued at $3,962,217. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NEE. KeyCorp reduced their price objective on NextEra Energy from $93.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. Morgan Stanley boosted their price objective on NextEra Energy from $98.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets boosted their target price on NextEra Energy from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Guggenheim dropped their target price on NextEra Energy from $108.00 to $99.00 in a report on Monday, October 24th. Finally, Wells Fargo & Company boosted their target price on NextEra Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.40.

About NextEra Energy

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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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

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