PFG Investments LLC Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

PFG Investments LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,022 shares of the utilities provider’s stock after selling 1,924 shares during the period. PFG Investments LLC’s holdings in NextEra Energy were worth $4,088,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Drive Wealth Management LLC lifted its position in shares of NextEra Energy by 13.0% during the 4th quarter. Drive Wealth Management LLC now owns 6,024 shares of the utilities provider’s stock valued at $432,000 after buying an additional 692 shares in the last quarter. Narwhal Capital Management lifted its position in shares of NextEra Energy by 6.3% during the 4th quarter. Narwhal Capital Management now owns 168,289 shares of the utilities provider’s stock valued at $12,065,000 after buying an additional 9,936 shares in the last quarter. Novare Capital Management LLC lifted its position in shares of NextEra Energy by 0.3% during the 4th quarter. Novare Capital Management LLC now owns 112,643 shares of the utilities provider’s stock valued at $8,075,000 after buying an additional 356 shares in the last quarter. MKT Advisors LLC raised its stake in NextEra Energy by 13.5% during the 4th quarter. MKT Advisors LLC now owns 7,729 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 919 shares during the period. Finally, Harrell Investment Partners LLC raised its stake in NextEra Energy by 13.4% during the 4th quarter. Harrell Investment Partners LLC now owns 34,458 shares of the utilities provider’s stock valued at $2,470,000 after purchasing an additional 4,074 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.91 on Monday. The stock’s fifty day moving average is $73.02 and its 200 day moving average is $77.16. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market capitalization of $149.93 billion, a PE ratio of 21.57, a PEG ratio of 2.29 and a beta of 0.58. 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 released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by 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.