Asset Dedication LLC Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Asset Dedication LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 57.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,978 shares of the utilities provider's stock after selling 5,422 shares during the quarter. Asset Dedication LLC's holdings in NextEra Energy were worth $285,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in NextEra Energy during the fourth quarter valued at about $68,000. Perigon Wealth Management LLC boosted its position in NextEra Energy by 29.7% during the fourth quarter. Perigon Wealth Management LLC now owns 66,729 shares of the utilities provider's stock worth $4,762,000 after purchasing an additional 15,293 shares during the period. Matrix Asset Advisors Inc. NY boosted its position in NextEra Energy by 1.0% during the fourth quarter. Matrix Asset Advisors Inc. NY now owns 232,315 shares of the utilities provider's stock worth $16,655,000 after purchasing an additional 2,289 shares during the period. Curbstone Financial Management Corp boosted its position in NextEra Energy by 11.9% during the fourth quarter. Curbstone Financial Management Corp now owns 25,128 shares of the utilities provider's stock worth $1,801,000 after purchasing an additional 2,664 shares during the period. Finally, Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.6 %

Shares of NEE stock traded up $0.42 during mid-day trading on Thursday, reaching $71.31. 8,637,495 shares of the company's stock traded hands, compared to its average volume of 12,145,485. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a market cap of $146.64 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company's 50-day moving average price is $72.72 and its 200-day moving average price is $77.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $85.85.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company's stock.

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.