NextEra Energy, Inc. $NEE Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC lessened its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 69.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,433 shares of the utilities provider’s stock after selling 7,871 shares during the quarter. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NEE. Coastline Trust Co boosted its position in NextEra Energy by 91.1% during the fourth quarter. Coastline Trust Co now owns 13,561 shares of the utilities provider’s stock worth $1,089,000 after acquiring an additional 6,465 shares during the last quarter. GoalVest Advisory LLC raised its holdings in NextEra Energy by 221.6% in the 4th quarter. GoalVest Advisory LLC now owns 17,829 shares of the utilities provider’s stock valued at $1,431,000 after acquiring an additional 12,285 shares during the last quarter. Union Bancaire Privee UBP SA lifted its stake in NextEra Energy by 496.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 331,032 shares of the utilities provider’s stock worth $27,121,000 after purchasing an additional 275,552 shares in the last quarter. Trust Co of the South boosted its holdings in shares of NextEra Energy by 17.9% during the 4th quarter. Trust Co of the South now owns 4,395 shares of the utilities provider’s stock worth $353,000 after purchasing an additional 667 shares during the last quarter. Finally, Foguth Wealth Management LLC. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $250,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a research report on Wednesday, January 14th. BTIG Research reissued a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Argus set a $92.00 target price on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, January 28th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $94.44.

View Our Latest Report on NEE

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This represents a 65.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NEE stock opened at $92.40 on Friday. The business’s fifty day moving average price is $89.39 and its 200 day moving average price is $83.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $192.51 billion, a PE ratio of 28.08 and a beta of 0.76.

NextEra Energy (NYSE:NEEGet Free Report) last announced its 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 company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 75.68%.

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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