Guinness Asset Management LTD Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Guinness Asset Management LTD lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,522 shares of the utilities provider's stock after selling 109,626 shares during the period. Guinness Asset Management LTD's holdings in NextEra Energy were worth $24,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Geode Capital Management LLC increased its stake in NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Legal & General Group Plc increased its stake in shares of NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock worth $1,508,155,000 after buying an additional 143,748 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock valued at $1,122,963,000 after buying an additional 86,758 shares during the last quarter. Nordea Investment Management AB boosted its position in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock worth $729,559,000 after acquiring an additional 452,590 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded down $0.54 during midday trading on Monday, reaching $70.83. 12,662,751 shares of the company traded hands, compared to its average volume of 7,419,646. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The business has a 50 day moving average of $73.50 and a two-hundred day moving average of $77.25.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Finally, Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Hold" and a consensus target price of $87.15.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

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.