Bristlecone Advisors LLC Sells 227 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bristlecone Advisors LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 37,330 shares of the utilities provider’s stock after selling 227 shares during the quarter. Bristlecone Advisors LLC’s holdings in NextEra Energy were worth $2,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NEE. Soltis Investment Advisors LLC boosted its position in NextEra Energy by 6.3% during the 4th quarter. Soltis Investment Advisors LLC now owns 4,837 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 288 shares during the last quarter. Quilter Plc lifted its position in shares of NextEra Energy by 17.9% in the fourth quarter. Quilter Plc now owns 733,675 shares of the utilities provider’s stock worth $52,597,000 after purchasing an additional 111,504 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in NextEra Energy in the fourth quarter valued at $256,000. Ferguson Wellman Capital Management Inc. increased its stake in NextEra Energy by 0.4% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 77,417 shares of the utilities provider’s stock valued at $5,550,000 after buying an additional 285 shares during the last quarter. Finally, Harbour Trust & Investment Management Co lifted its position in NextEra Energy by 2.7% during the 4th quarter. Harbour Trust & Investment Management Co now owns 116,092 shares of the utilities provider’s stock worth $8,323,000 after buying an additional 3,105 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Evercore ISI lowered their target price on 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. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their price target 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, Scotiabank boosted their price objective 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Down 1.5 %

NEE opened at $68.24 on Monday. The company’s 50 day moving average is $71.66 and its 200-day moving average is $77.02. The company has a market cap of $140.33 billion, a P/E ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year 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 posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.