Weaver Capital Management LLC Has $752,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Weaver Capital Management LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,485 shares of the utilities provider’s stock after selling 484 shares during the quarter. Weaver Capital Management LLC’s holdings in NextEra Energy were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Spirit of America Management Corp NY lifted its stake in shares of NextEra Energy by 12.2% during the 4th quarter. Spirit of America Management Corp NY now owns 47,525 shares of the utilities provider’s stock worth $3,407,000 after buying an additional 5,150 shares during the last quarter. Hager Investment Management Services LLC bought a new position in NextEra Energy during the fourth quarter worth about $201,000. Stratos Wealth Advisors LLC increased its position in NextEra Energy by 6.8% during the fourth quarter. Stratos Wealth Advisors LLC now owns 19,393 shares of the utilities provider’s stock worth $1,390,000 after acquiring an additional 1,232 shares during the period. Stratos Wealth Partners LTD. increased its position in NextEra Energy by 2.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 82,933 shares of the utilities provider’s stock worth $5,946,000 after acquiring an additional 1,781 shares during the period. Finally, Avitas Wealth Management LLC increased its position in NextEra Energy by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 38,964 shares of the utilities provider’s stock worth $2,793,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Down 1.6 %

NYSE:NEE opened at $69.92 on Wednesday. The firm’s 50 day simple moving average is $72.40 and its 200 day simple moving average is $77.14. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market cap of $143.78 billion, a PE ratio of 20.75, a P/E/G ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its 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 net margin of 28.06% and a return on equity of 11.85%. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

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