NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 68.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 98,632 shares of the utilities provider’s stock after selling 214,503 shares during the quarter. Twinbeech Capital LP’s holdings in NextEra Energy were worth $7,071,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Merit Financial Group LLC lifted its holdings in NextEra Energy by 37.6% during the 4th quarter. Merit Financial Group LLC now owns 31,369 shares of the utilities provider’s stock worth $2,249,000 after buying an additional 8,564 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of NextEra Energy by 40.5% in the 4th quarter. Ameritas Advisory Services LLC now owns 42,393 shares of the utilities provider’s stock valued at $3,039,000 after purchasing an additional 12,216 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of NextEra Energy by 11.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 8,092 shares of the utilities provider’s stock valued at $580,000 after purchasing an additional 835 shares during the last quarter. Client 1ST Advisory Group LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $298,000. Finally, Annex Advisory Services LLC increased its position in shares of NextEra Energy by 101.3% in the 4th quarter. Annex Advisory Services LLC now owns 13,706 shares of the utilities provider’s stock valued at $983,000 after purchasing an additional 6,898 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.6%

NEE stock opened at $73.78 on Tuesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock has a market capitalization of $151.89 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a fifty day moving average of $68.74 and a 200-day moving average of $71.17.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Barclays decreased their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Eight investment 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 presently has a consensus rating of “Hold” and a consensus target price of $83.46.

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.