Court Place Advisors LLC Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Court Place Advisors LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,742 shares of the utilities provider’s stock after selling 2,503 shares during the quarter. Court Place Advisors LLC’s holdings in NextEra Energy were worth $1,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the third quarter worth $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy in the third quarter valued at $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.2 %

NEE opened at $73.69 on Tuesday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The business has a 50 day moving average price of $73.02 and a two-hundred day moving average price of $77.19. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market cap of $151.53 billion, a PE ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 0.58.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Finally, Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.