NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 17.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,325 shares of the utilities provider’s stock after selling 1,091 shares during the period. Nemes Rush Group LLC’s holdings in NextEra Energy were worth $323,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Greenfield Savings Bank lifted its stake in shares of NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its position in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 172 shares during the period. MKT Advisors LLC lifted its position in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 173 shares during the period. First Pacific Financial increased its holdings in shares of NextEra Energy by 2.0% in the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after buying an additional 177 shares in the last quarter. Finally, Diversified LLC raised its stake in NextEra Energy by 2.3% during the 4th quarter. Diversified LLC now owns 7,851 shares of the utilities provider’s stock valued at $477,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. Morgan Stanley raised their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Mizuho boosted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.64.

NextEra Energy Stock Up 0.0 %

NEE stock traded up $0.01 during mid-day trading on Wednesday, hitting $76.96. The stock had a trading volume of 2,502,883 shares, compared to its average volume of 11,644,185. The stock has a market capitalization of $158.12 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.79 and a beta of 0.50. The company has a fifty day moving average of $66.52 and a 200 day moving average of $61.23. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $77.41. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm posted $0.84 EPS. The business’s revenue was down 14.7% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal 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.