Capital Advisors Inc. OK Sells 1,198 Shares of NextEra Energy, Inc. (NYSE:NEE)

Capital Advisors Inc. OK reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,714 shares of the utilities provider’s stock after selling 1,198 shares during the period. Capital Advisors Inc. OK’s holdings in NextEra Energy were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Reston Wealth Management LLC purchased a new position in NextEra Energy during the third quarter valued at approximately $27,000. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy in the 3rd quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on NEE shares. Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. 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 report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

NextEra Energy stock opened at $69.28 on Thursday. The company’s 50-day moving average price is $71.40 and its 200-day moving average price is $76.97. 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 company has a market cap 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, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

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 return on equity of 11.85% and a net margin of 28.06%. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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.