NextEra Energy, Inc. (NYSE:NEE) Stake Reduced by Constitution Capital LLC

Constitution Capital LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,955 shares of the utilities provider’s stock after selling 15,545 shares during the quarter. NextEra Energy comprises approximately 3.1% of Constitution Capital LLC’s investment portfolio, making the stock its 8th biggest position. Constitution Capital LLC’s holdings in NextEra Energy were worth $5,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC grew its stake in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the 3rd quarter worth about $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 3.0 %

NEE stock opened at $71.39 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a market cap of $146.81 billion, a P/E ratio of 21.12, a PEG ratio of 2.26 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $73.68 and its two-hundred day moving average is $77.20.

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

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets increased 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. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.