SVB Wealth LLC Trims Position in NextEra Energy, Inc. $NEE

SVB Wealth LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.3% during the 3rd quarter, Holdings Channel reports. The firm owned 90,380 shares of the utilities provider’s stock after selling 11,531 shares during the period. SVB Wealth LLC’s holdings in NextEra Energy were worth $6,823,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its stake in NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC lifted its holdings in NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in NextEra Energy by 5.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,343,301 shares of the utilities provider’s stock worth $171,202,000 after purchasing an additional 114,296 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. The trade was a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 204,586 shares of company stock valued at $17,474,707 in the last ninety days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEE shares. Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and set a $104.00 target price on shares of NextEra Energy in a research report on Wednesday, January 21st. Jefferies Financial Group set a $87.00 target price on shares of NextEra Energy in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, BTIG Research reissued a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.95.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $89.49 on Tuesday. The firm has a fifty day simple moving average of $82.97 and a two-hundred day simple moving average of $79.67. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $90.99. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $186.37 billion, a P/E ratio of 27.20, a PEG ratio of 2.77 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Company 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.