Pictet North America Advisors SA Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Pictet North America Advisors SA decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,894 shares of the utilities provider’s stock after selling 356 shares during the quarter. Pictet North America Advisors SA’s holdings in NextEra Energy were worth $781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Empowered Funds LLC boosted its position in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after buying an additional 5,831 shares during the period. Nordea Investment Management AB boosted its holdings in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the period. Border to Coast Pensions Partnership Ltd boosted its holdings in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares during the period. Swiss National Bank boosted its holdings in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares during the period. Finally, Czech National Bank boosted its stake in shares of NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after buying an additional 27,340 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. 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, the stock has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Down 1.0 %

Shares of NextEra Energy stock opened at $68.61 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company’s fifty day moving average is $71.27 and its two-hundred day moving average is $76.92. 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 market capitalization of $141.10 billion, a P/E ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) 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%. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

About NextEra Energy

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.