Adirondack Trust Co. Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Adirondack Trust Co. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,145 shares of the utilities provider’s stock after selling 464 shares during the period. Adirondack Trust Co.’s holdings in NextEra Energy were worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC increased its position in shares of NextEra Energy by 15.0% during the second quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock worth $1,611,000 after purchasing an additional 2,973 shares in the last quarter. Marshall Wace LLP boosted its stake in NextEra Energy by 1,337.2% during the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares during the last quarter. Semmax Financial Advisors Inc. grew its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Sfmg LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at about $212,000. Finally, Royal Capital Wealth Management LLC lifted its stake in shares of NextEra Energy by 8.8% in the second quarter. Royal Capital Wealth Management LLC now owns 12,344 shares of the utilities provider’s stock worth $874,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

NextEra Energy stock opened at $68.47 on Thursday. The company’s 50 day simple moving average is $73.21 and its 200-day simple moving average is $77.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a market capitalization of $140.81 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

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.