Ingalls & Snyder LLC Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ingalls & Snyder LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,186 shares of the utilities provider’s stock after selling 1,985 shares during the period. Ingalls & Snyder LLC’s holdings in NextEra Energy were worth $4,745,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NEE. Exchange Traded Concepts LLC raised its holdings in NextEra Energy by 514.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after buying an additional 3,914 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in NextEra Energy during the 3rd quarter valued at $45,000. Creative Planning grew its position in shares of NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after buying an additional 19,698 shares during the period. Zhang Financial LLC grew its position in shares of NextEra Energy by 3.0% in the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after buying an additional 135 shares during the period. Finally, Swedbank AB grew its position in shares of NextEra Energy by 33.2% in the 3rd quarter. Swedbank AB now owns 661,623 shares of the utilities provider’s stock worth $55,927,000 after buying an additional 164,737 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NEE shares. Evercore ISI cut 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 report on Monday, January 27th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. 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 increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $69.28 on Thursday. The firm’s 50 day moving average price is $71.40 and its 200-day moving average price is $76.97. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $142.47 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts expect 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.