NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.0% in the fourth quarter, Holdings Channel reports. The firm owned 21,853 shares of the utilities provider’s stock after selling 5,813 shares during the period. Wealthcare Advisory Partners LLC’s holdings in NextEra Energy were worth $1,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Everpar Advisors LLC grew its holdings in NextEra Energy by 3.0% during the 4th quarter. Everpar Advisors LLC now owns 5,729 shares of the utilities provider’s stock worth $411,000 after acquiring an additional 165 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in NextEra Energy by 4.1% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,265,802 shares of the utilities provider’s stock worth $90,684,000 after purchasing an additional 49,725 shares in the last quarter. Woodstock Corp increased its holdings in NextEra Energy by 0.5% in the fourth quarter. Woodstock Corp now owns 134,590 shares of the utilities provider’s stock valued at $9,649,000 after buying an additional 647 shares during the last quarter. Empirical Asset Management LLC raised its stake in NextEra Energy by 274.5% during the fourth quarter. Empirical Asset Management LLC now owns 75,729 shares of the utilities provider’s stock valued at $5,429,000 after buying an additional 55,505 shares in the last quarter. Finally, Cvfg LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $797,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.8 %

Shares of NEE stock opened at $70.83 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a market capitalization of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The stock has a fifty day moving average of $73.50 and a two-hundred day moving average of $77.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Barclays raised 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. Scotiabank boosted their price objective 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. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.15.

About NextEra Energy

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.