Asset Management One Co. Ltd. Sells 18,481 Shares of NextEra Energy, Inc. (NYSE:NEE)

Asset Management One Co. Ltd. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 986,464 shares of the utilities provider’s stock after selling 18,481 shares during the period. Asset Management One Co. Ltd.’s holdings in NextEra Energy were worth $71,132,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NEE. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% in the fourth 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 in the last quarter. Reston Wealth Management LLC bought a new stake in NextEra Energy in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $28,000. Quarry LP bought a new position in shares of NextEra Energy during the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent research reports. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight equities 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.com, the company has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $68.61 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business has a 50-day moving average of $71.27 and a 200-day moving average of $76.92. The stock has a market capitalization of $141.10 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.