TFB Advisors LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 15.4% in the second quarter, Holdings Channel reports. The fund owned 4,124 shares of the utilities provider’s stock after selling 751 shares during the quarter. TFB Advisors LLC’s holdings in NextEra Energy were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Northern Trust Corp lifted its stake in shares of NextEra Energy by 1.1% during the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after buying an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after buying an additional 1,336,259 shares in the last quarter. GQG Partners LLC lifted its stake in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after buying an additional 2,815,629 shares in the last quarter. 78.72% of the stock is owned by institutional investors.
NextEra Energy Stock Performance
NYSE NEE opened at $82.79 on Thursday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The stock has a market capitalization of $170.48 billion, a PE ratio of 28.95, a P/E/G ratio of 2.84 and a beta of 0.66. The company’s 50 day simple moving average is $76.24 and its two-hundred day simple moving average is $72.51.
Wall Street Analyst Weigh In
A number of brokerages recently commented on NEE. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. Morgan Stanley restated an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.38.
Read Our Latest Report on NextEra Energy
Insider Activity
In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,528 shares of company stock valued at $2,277,773. 0.20% of the stock is owned by company insiders.
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.
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