Connors Investor Services Inc. Has $12.28 Million Stock Holdings in NextEra Energy, Inc. $NEE

Connors Investor Services Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,862 shares of the utilities provider’s stock after selling 1,227 shares during the period. Connors Investor Services Inc.’s holdings in NextEra Energy were worth $12,278,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its holdings in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $32,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. BTIG Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.38.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,528 shares of company stock valued at $2,277,773 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $82.79 on Thursday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. The stock has a market cap of $170.48 billion, a PE ratio of 28.95, a PEG ratio of 2.84 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm’s 50 day moving average price is $76.24 and its two-hundred day moving average price is $72.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current 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.