MassMutual Private Wealth & Trust FSB Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

MassMutual Private Wealth & Trust FSB lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 253,244 shares of the utilities provider's stock after selling 3,750 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in NextEra Energy were worth $18,155,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Tandem Capital Management Corp ADV lifted its holdings in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock valued at $840,000 after acquiring an additional 125 shares during the period. Insight Folios Inc lifted its stake in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock worth $713,000 after purchasing an additional 126 shares during the period. Taylor & Morgan Wealth Management LLC boosted its holdings in shares of NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after buying an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC grew its position in NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock valued at $906,000 after buying an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock valued at $2,597,000 after buying an additional 130 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 0.8 %

Shares of NYSE NEE traded down $0.54 during mid-day trading on Monday, reaching $70.83. The company had a trading volume of 12,662,751 shares, compared to its average volume of 7,419,646. The stock has a market cap 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's 50-day moving average is $73.50 and its 200-day moving average is $77.25. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 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 firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on NEE. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Finally, Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $87.15.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.