Wealthcare Advisory Partners LLC Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

Wealthcare Advisory Partners LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 21.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,853 shares of the utilities provider's stock after selling 5,813 shares during the period. Wealthcare Advisory Partners LLC's holdings in NextEra Energy were worth $1,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. grew its stake in shares of NextEra Energy by 485.1% during the second quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider's stock worth $1,301,000 after acquiring an additional 15,233 shares during the last quarter. Brighton Jones LLC boosted its stake in NextEra Energy by 1.2% in the 2nd quarter. Brighton Jones LLC now owns 30,219 shares of the utilities provider's stock worth $2,140,000 after purchasing an additional 370 shares in the last quarter. Ieq Capital LLC grew its position in NextEra Energy by 27.4% during the 2nd quarter. Ieq Capital LLC now owns 74,202 shares of the utilities provider's stock worth $5,254,000 after purchasing an additional 15,948 shares during the last quarter. Bridges Investment Management Inc. increased its stake in NextEra Energy by 41.8% during the 2nd quarter. Bridges Investment Management Inc. now owns 28,586 shares of the utilities provider's stock valued at $2,024,000 after purchasing an additional 8,421 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of NextEra Energy by 4.9% in the second quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider's stock worth $1,284,000 after buying an additional 844 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded down $0.54 during midday trading on Friday, hitting $70.83. 12,662,751 shares of the stock traded hands, compared to its average volume of 7,419,646. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock's fifty day simple moving average is $73.50 and its 200-day simple moving average is $77.21. The firm has a market cap of $145.66 billion, a P/E ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58.

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

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research analyst reports. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Hold" and an average price target of $87.15.

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.