Liberty One Investment Management LLC Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Liberty One Investment Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,576 shares of the utilities provider's stock after selling 6,708 shares during the quarter. Liberty One Investment Management LLC's holdings in NextEra Energy were worth $4,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. International Assets Investment Management LLC increased its holdings in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock valued at $326,388,000 after acquiring an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock valued at $200,065,000 after buying an additional 2,309,876 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of 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 worth $634,703,000 after acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI raised its stake in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock valued at $184,795,000 after buying an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock valued at $575,573,000 after buying an additional 851,873 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.8 %

NEE stock traded down $0.54 during mid-day trading on Friday, reaching $70.83. 12,662,751 shares of the stock traded hands, compared to its average volume of 7,419,646. The stock has a market capitalization of $145.66 billion, a PE ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business has a 50-day moving average price of $73.50 and a two-hundred day moving average price of $77.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEE. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Finally, Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. 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 currently has an average rating of "Hold" and a consensus price target of $87.15.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm'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 owns 15,792 shares of the company's stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.