Global Trust Asset Management LLC Sells 3,311 Shares of NextEra Energy, Inc. (NYSE:NEE)

Global Trust Asset Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,420 shares of the utilities provider’s stock after selling 3,311 shares during the quarter. NextEra Energy makes up 1.4% of Global Trust Asset Management LLC’s portfolio, making the stock its 14th biggest position. Global Trust Asset Management LLC’s holdings in NextEra Energy were worth $3,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of NextEra Energy by 107.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock worth $640,000 after buying an additional 4,344 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of NextEra Energy by 15.0% in the second quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock worth $1,611,000 after acquiring an additional 2,973 shares during the last quarter. Interval Partners LP bought a new position in shares of NextEra Energy during the second quarter valued at $1,668,000. Sagefield Capital LP raised its position in shares of NextEra Energy by 149.5% in the 2nd quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock worth $8,080,000 after purchasing an additional 68,372 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in NextEra Energy by 1,337.2% in the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Up 0.1 %

Shares of NEE stock opened at $70.85 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market cap of $145.70 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a fifty day moving average price of $73.40 and a 200-day moving average price of $77.24.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy 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.