Great Diamond Partners LLC Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Great Diamond Partners LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,760 shares of the utilities provider’s stock after selling 172 shares during the quarter. Great Diamond Partners LLC’s holdings in NextEra Energy were worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Burkett Financial Services LLC raised its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP acquired a new stake in NextEra Energy during the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy during the fourth quarter worth $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

NEE stock opened at $71.65 on Friday. The stock has a 50-day moving average price of $72.60 and a two-hundred day moving average price of $77.06. The company has a market cap of $147.34 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. 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 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS 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.