Chemistry Wealth Management LLC Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Chemistry Wealth Management LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,571 shares of the utilities provider’s stock after selling 490 shares during the period. Chemistry Wealth Management LLC’s holdings in NextEra Energy were worth $256,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Relyea Zuckerberg Hanson LLC increased its position in shares of NextEra Energy by 4.4% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 8,428 shares of the utilities provider’s stock valued at $604,000 after purchasing an additional 353 shares during the last quarter. Saxon Interests Inc. increased its position in shares of NextEra Energy by 24.3% during the 4th quarter. Saxon Interests Inc. now owns 4,452 shares of the utilities provider’s stock valued at $319,000 after purchasing an additional 871 shares during the last quarter. Everpar Advisors LLC increased its position in shares of NextEra Energy by 3.0% during the 4th quarter. Everpar Advisors LLC now owns 5,729 shares of the utilities provider’s stock valued at $411,000 after purchasing an additional 165 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its position in shares of NextEra Energy by 4.1% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,265,802 shares of the utilities provider’s stock valued at $90,684,000 after purchasing an additional 49,725 shares during the last quarter. Finally, Woodstock Corp increased its position in shares of NextEra Energy by 0.5% during the 4th quarter. Woodstock Corp now owns 134,590 shares of the utilities provider’s stock valued at $9,649,000 after purchasing an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.8 %

NEE stock opened at $70.83 on Friday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. The business has a 50 day simple moving average of $73.62 and a two-hundred day simple moving average of $77.16.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Scotiabank boosted their price objective 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.15.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.