By otakuyassine3@gmail.com 
DAVENPORT & Co LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,997,798 shares of the utilities provider’s stock after selling 28,537 shares during the period. NextEra Energy comprises approximately 0.8% of DAVENPORT & Co LLC’s holdings, making the stock its 27th largest holding. DAVENPORT & Co LLC owned about 0.10% of NextEra Energy worth $143,258,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in NEE. Nordea Investment Management AB lifted its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its position in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after buying an additional 26,270 shares during the period. Swiss National Bank lifted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares during the last quarter. Czech National Bank boosted its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after acquiring an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. grew its position in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after acquiring an additional 9,425 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
NEE has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.85.
Read Our Latest Research Report on NEE
NextEra Energy Stock Up 0.5 %
NYSE NEE opened at $71.65 on Friday. The company has a market capitalization of $147.34 billion, a P/E ratio of 21.26, a PEG ratio of 2.48 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company’s 50 day simple moving average is $72.51 and its 200 day simple moving average is $77.06.
NextEra Energy (NYSE:NEE – Get Free Report) last announced 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%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
Insider Activity at NextEra Energy
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently 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.
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