MidWestOne Financial Group Inc. Sells 3,005 Shares of NextEra Energy, Inc. (NYSE:NEE)

MidWestOne Financial Group Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 12.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,113 shares of the utilities provider’s stock after selling 3,005 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in NextEra Energy were worth $1,514,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of NextEra Energy by 1.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 576,639 shares of the utilities provider’s stock valued at $41,339,000 after buying an additional 8,996 shares during the period. Elequin Capital LP increased its stake in shares of NextEra Energy by 431.7% in the 4th quarter. Elequin Capital LP now owns 1,292 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 1,049 shares during the last quarter. Kolinsky Wealth Management LLC raised its holdings in shares of NextEra Energy by 3.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 7,933 shares of the utilities provider’s stock worth $569,000 after buying an additional 239 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $473,000. Finally, White Knight Strategic Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $541,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on 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 transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Evercore ISI lowered their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target of $83.46.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $74.37 on Wednesday. The firm has a market cap of $153.10 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm’s fifty day moving average is $68.77 and its 200-day moving average is $71.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

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