Kingswood Wealth Advisors LLC Sells 22,054 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kingswood Wealth Advisors LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,277 shares of the utilities provider’s stock after selling 22,054 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in NextEra Energy were worth $6,544,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after acquiring an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after purchasing an additional 2,309,876 shares during the period. Nordea Investment Management AB increased its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. National Bank of Canada FI raised its holdings in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after buying an additional 1,369,689 shares during the period. Finally, Raymond James & Associates lifted its position in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after buying an additional 851,873 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 5.3 %

Shares of NYSE:NEE opened at $72.91 on Monday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s fifty day simple moving average is $73.02 and its 200-day simple moving average is $77.16. The company has a market capitalization of $149.93 billion, a PE ratio of 21.57, a P/E/G ratio of 2.29 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.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NEE. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Guggenheim upped their target price 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 lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.15.

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.