Kennebec Savings Bank Sells 459 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kennebec Savings Bank lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,443 shares of the utilities provider’s stock after selling 459 shares during the quarter. Kennebec Savings Bank’s holdings in NextEra Energy were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC boosted its stake in shares of NextEra Energy by 11.0% during the 2nd quarter. Regal Investment Advisors LLC now owns 3,503 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 346 shares in the last quarter. Anchor Investment Management LLC boosted its position in NextEra Energy by 69.7% during the 2nd quarter. Anchor Investment Management LLC now owns 49,926 shares of the utilities provider’s stock valued at $3,535,000 after acquiring an additional 20,500 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of NextEra Energy by 9.2% in the 2nd quarter. Centaurus Financial Inc. now owns 21,278 shares of the utilities provider’s stock worth $1,507,000 after acquiring an additional 1,794 shares in the last quarter. Mattson Financial Services LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth approximately $2,714,000. Finally, Bridge Advisory LLC bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In related 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 of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $71.31 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $146.64 billion, a PE ratio of 21.16, a P/E/G ratio of 2.48 and a beta of 0.58. The stock has a 50-day simple moving average of $72.72 and a two-hundred day simple moving average of $77.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday. Finally, Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $85.85.

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.