JNBA Financial Advisors reduced its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,139 shares of the utilities provider's stock after selling 207 shares during the quarter. JNBA Financial Advisors' holdings in NextEra Energy were worth $89,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC lifted its position in NextEra Energy by 28.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider's stock valued at $384,000 after acquiring an additional 1,090 shares in the last quarter. McAdam LLC increased its stake in NextEra Energy by 4.5% in the 3rd quarter. McAdam LLC now owns 3,374 shares of the utilities provider's stock valued at $265,000 after buying an additional 145 shares during the last quarter. Gould Asset Management LLC CA increased its stake in NextEra Energy by 15.0% in the 2nd quarter. Gould Asset Management LLC CA now owns 6,874 shares of the utilities provider's stock valued at $532,000 after buying an additional 895 shares during the last quarter. FirstPurpose Wealth LLC increased its stake in NextEra Energy by 7.7% in the 2nd quarter. FirstPurpose Wealth LLC now owns 2,726 shares of the utilities provider's stock valued at $211,000 after buying an additional 195 shares during the last quarter. Finally, Heron Financial Group LLC increased its stake in NextEra Energy by 5.4% in the 2nd quarter. Heron Financial Group LLC now owns 21,115 shares of the utilities provider's stock valued at $1,636,000 after buying an additional 1,073 shares during the last quarter. 76.17% of the stock is owned by institutional investors.
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In other NextEra Energy news, EVP Miguel Arechabala sold 21,231 shares of the business's stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $85.37, for a total value of $1,812,490.47. Following the completion of the sale, the executive vice president now owns 29,980 shares of the company's stock, valued at approximately $2,559,392.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NextEra Energy news, EVP Miguel Arechabala sold 21,231 shares of the business's stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $85.37, for a total value of $1,812,490.47. Following the completion of the sale, the executive vice president now owns 29,980 shares of the company's stock, valued at approximately $2,559,392.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 2,277 shares of the business's stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $85.27, for a total transaction of $194,159.79. Following the completion of the sale, the executive vice president now directly owns 175,950 shares of the company's stock, valued at approximately $15,003,256.50. The disclosure for this sale can be found here. Insiders sold 43,709 shares of company stock valued at $3,734,841 in the last quarter. Company insiders own 0.43% of the company's stock.
NextEra Energy Stock Down 0.7 %
Shares of NEE opened at $75.05 on Tuesday. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $91.35. The firm has a market cap of $149.14 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48. The firm's 50-day simple moving average is $83.88 and its 200 day simple moving average is $83.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.43 and a current ratio of 0.51.NextEra Energy (NYSE:NEE – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. NextEra Energy's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of NextEra Energy from $98.00 to $100.00 and gave the company an "overweight" rating in a research note on Monday, January 23rd. KeyCorp lowered their price target on shares of NextEra Energy from $93.00 to $89.00 and set an "overweight" rating on the stock in a research note on Thursday, October 20th. Credit Suisse Group lowered their price target on shares of NextEra Energy from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, January 26th. Royal Bank of Canada lowered their price target on shares of NextEra Energy from $101.00 to $98.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Guggenheim lowered their price objective on shares of NextEra Energy from $102.00 to $96.00 and set a "buy" rating on the stock in a research note on Thursday, January 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.92.
NextEra Energy Company Profile
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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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