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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gouws Capital LLC lifted its stake in shares of NextEra Energy by 2.8% in the third quarter. Gouws Capital LLC now owns 79,154 shares of the utilities provider’s stock worth $5,975,000 after acquiring an additional 2,176 shares in the last quarter. Naples Global Advisors LLC increased its holdings in NextEra Energy by 2.5% during the 3rd quarter. Naples Global Advisors LLC now owns 100,830 shares of the utilities provider’s stock worth $7,612,000 after purchasing an additional 2,480 shares during the last quarter. Quadrant Private Wealth Management LLC increased its holdings in NextEra Energy by 3.2% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 5,239 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 162 shares during the last quarter. Strs Ohio raised its position in shares of NextEra Energy by 12.7% in the 3rd quarter. Strs Ohio now owns 1,150,135 shares of the utilities provider’s stock valued at $86,824,000 after purchasing an additional 130,019 shares in the last quarter. Finally, Atlas Legacy Advisors LLC purchased a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $264,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and issued a $89.00 price target (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a report on Monday, October 13th. Morgan Stanley restated an “overweight” rating and issued a $104.00 target price on shares of NextEra Energy in a research note on Wednesday. Mizuho increased their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of NextEra Energy in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.94.

NextEra Energy Trading Up 1.5%

NYSE NEE opened at $85.09 on Friday. 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, Inc. has a one year low of $61.72 and a one year high of $87.53. The company has a 50-day simple moving average of $82.23 and a 200-day simple moving average of $78.49. The firm has a market capitalization of $177.21 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.60 and a beta of 0.74.

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 net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter last year, the company posted $1.03 earnings per share. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

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

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.