Field & Main Bank Has $1.80 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Field & Main Bank cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,050 shares of the utilities provider’s stock after selling 210 shares during the quarter. Field & Main Bank’s holdings in NextEra Energy were worth $1,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% in 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 during the period. Reston Wealth Management LLC bought a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the 3rd quarter worth approximately $39,000. 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 business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $71.30 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market capitalization of $146.63 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a 50-day simple moving average of $72.83 and a 200 day simple moving average of $77.14.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

About NextEra Energy

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.