NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Meridian Financial LLC

Meridian Financial LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 9.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,002 shares of the utilities provider’s stock after selling 300 shares during the period. Meridian Financial LLC’s holdings in NextEra Energy were worth $215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. lifted its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $87.15.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.83 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The business has a 50-day moving average of $73.50 and a 200 day moving average of $77.17. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

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.