Talisman Wealth Advisors LLC Sells 298 Shares of NextEra Energy, Inc. (NYSE:NEE)

Talisman Wealth Advisors LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 13,784 shares of the utilities provider’s stock after selling 298 shares during the period. NextEra Energy accounts for about 1.0% of Talisman Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Talisman Wealth Advisors LLC’s holdings in NextEra Energy were worth $988,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. Norges Bank bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $3,484,197,000. Boston Partners bought a new position in shares of NextEra Energy during the fourth quarter valued at $244,169,000. Two Sigma Advisers LP bought a new position in shares of NextEra Energy during the fourth quarter valued at $240,269,000. Amundi boosted its position in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after buying an additional 2,517,369 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.6%

Shares of NextEra Energy stock opened at $73.78 on Tuesday. The company has a market capitalization of $151.89 billion, a P/E ratio of 21.89, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company’s fifty day moving average is $68.74 and its two-hundred day moving average is $71.17. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Barclays cut their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.46.

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.