Weatherly Asset Management L. P. Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Weatherly Asset Management L. P. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,111 shares of the utilities provider’s stock after selling 2,390 shares during the quarter. Weatherly Asset Management L. P.’s holdings in NextEra Energy were worth $4,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% during the 4th 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 period. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $28,000. Quarry LP acquired a new stake in NextEra Energy during the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 2.0 %

NEE opened at $69.66 on Tuesday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a market capitalization of $143.25 billion, a PE ratio of 20.67, a P/E/G ratio of 2.42 and a beta of 0.58. The business’s 50 day moving average price is $71.66 and its 200 day moving average price is $77.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

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.