Legacy Trust Sells 187 Shares of NextEra Energy, Inc. (NYSE:NEE)

Legacy Trust lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,475 shares of the utilities provider’s stock after selling 187 shares during the period. Legacy Trust’s holdings in NextEra Energy were worth $1,038,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Nordea Investment Management AB raised its position 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 valued at $634,703,000 after buying an additional 1,525,436 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its position in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares in the last quarter. Swiss National Bank raised its position in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Czech National Bank boosted its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after purchasing an additional 9,425 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $70.95 on Thursday. The firm’s fifty day simple moving average is $72.83 and its two-hundred day simple moving average is $77.14. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. 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 stock has a market capitalization of $145.90 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its 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 return on equity of 11.94% and a net margin of 26.49%. As a group, analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This 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 link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEE. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.