NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,294 shares of the utilities provider’s stock after selling 260 shares during the period. Royal Capital Wealth Management LLC’s holdings in NextEra Energy were worth $810,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC increased its holdings in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after purchasing an additional 41,328 shares in the last quarter. True North Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $3,015,000. MCF Advisors LLC increased its holdings in shares of NextEra Energy by 33.0% in the 4th quarter. MCF Advisors LLC now owns 21,211 shares of the utilities provider’s stock valued at $1,521,000 after purchasing an additional 5,260 shares in the last quarter. Finally, Brentview Investment Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $3,761,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of 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 shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Barclays dropped 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 report on Tuesday, April 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. 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 company currently has a consensus rating of “Hold” and an average price target of $83.46.

NextEra Energy Price Performance

NEE opened at $74.37 on Wednesday. The company’s 50 day simple moving average is $68.77 and its 200 day simple 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 1 year low of $61.72 and a 1 year high of $86.10. The stock has a market capitalization of $153.10 billion, a PE ratio of 22.07, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $6.58 billion. During the same period last year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred 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 directly owns 196,817 shares of the company’s stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.