NextEra Energy, Inc. $NEE Shares Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 22.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,078 shares of the utilities provider’s stock after selling 6,252 shares during the quarter. Carmel Capital Partners LLC’s holdings in NextEra Energy were worth $1,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Sax Wealth Advisors LLC raised its stake in NextEra Energy by 0.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 118 shares in the last quarter. apricus wealth LLC increased its holdings in shares of NextEra Energy by 3.8% during the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 120 shares during the period. Fingerlakes Wealth Management Inc. raised its stake in shares of NextEra Energy by 0.8% during the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after purchasing an additional 124 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in NextEra Energy by 0.3% in the third quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider’s stock worth $3,646,000 after purchasing an additional 134 shares during the period. Finally, Veltria Advisors Corp. grew its position in NextEra Energy by 4.8% in the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after buying an additional 139 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $85.09 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The business’s fifty day moving average is $82.23 and its two-hundred day moving average is $78.49. The stock has a market capitalization of $177.21 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.60 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on NEE shares. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. TD Cowen began coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Mizuho upped their target price on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Barclays lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Evercore ISI restated an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.94.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.