Reaves W H & Co. Inc. Has $44.82 Million Position in NextEra Energy, Inc. $NEE

Reaves W H & Co. Inc. cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 33.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 593,761 shares of the utilities provider’s stock after selling 300,265 shares during the quarter. Reaves W H & Co. Inc.’s holdings in NextEra Energy were worth $44,823,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NEE. Sax Wealth Advisors LLC lifted its position in NextEra Energy by 0.6% in 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 raised its stake in shares of NextEra Energy by 3.8% in the 3rd 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. lifted its holdings in shares of NextEra Energy by 0.8% in 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. Heritage Wealth Management Inc. boosted its position in shares of NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after buying an additional 125 shares during the period. Finally, Bank of Jackson Hole Trust boosted its position in shares of NextEra Energy by 1.1% during the third quarter. Bank of Jackson Hole Trust now owns 11,885 shares of the utilities provider’s stock worth $897,000 after buying an additional 126 shares during the period. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 9,643 shares in the company, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction dated 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 owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 204,586 shares of company stock valued at $17,474,707 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 0.0%

NextEra Energy stock opened at $89.49 on Tuesday. The stock has a 50-day simple moving average of $82.97 and a 200 day simple moving average of $79.67. 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. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $90.99.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

NEE has been the topic of several research reports. Jefferies Financial Group set a $87.00 target price on NextEra Energy in a research note on Wednesday, January 14th. Evercore reissued an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. HSBC raised their target price on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. Finally, UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.95.

About NextEra Energy

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.