Advocate Group LLC Sells 1,058 Shares of NextEra Energy, Inc. (NYSE:NEE)

Advocate Group LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the fourth quarter, HoldingsChannel reports. The fund owned 56,002 shares of the utilities provider’s stock after selling 1,058 shares during the quarter. Advocate Group LLC’s holdings in NextEra Energy were worth $4,015,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in shares of NextEra Energy by 1,337.2% in the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after purchasing an additional 122,691 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at $428,000. Daymark Wealth Partners LLC boosted its stake in shares of NextEra Energy by 11.2% in the 2nd quarter. Daymark Wealth Partners LLC now owns 43,183 shares of the utilities provider’s stock valued at $3,058,000 after purchasing an additional 4,352 shares during the last quarter. MBB Public Markets I LLC boosted its stake in shares of NextEra Energy by 1,206.5% in the 2nd quarter. MBB Public Markets I LLC now owns 144,638 shares of the utilities provider’s stock valued at $10,242,000 after purchasing an additional 133,567 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of NextEra Energy by 62.0% in the 2nd quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock valued at $61,392,000 after purchasing an additional 331,857 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Performance

Shares of NEE stock opened at $72.91 on Friday. The firm has a 50-day moving average of $73.02 and a 200-day moving average of $77.12. The company has a market cap of $149.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% 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.