SVB Wealth LLC Sells 11,531 Shares of NextEra Energy, Inc. $NEE

SVB Wealth LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Activest Wealth Management raised its holdings in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy during the second quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new position in NextEra Energy in the 3rd quarter worth approximately $25,000. Finally, Quaker Wealth Management LLC raised its holdings in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $89.49 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $90.99. The firm has a market capitalization of $186.37 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. 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 firm has a 50 day moving average of $82.97 and a 200 day moving average of $79.67.

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

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 204,586 shares of company stock worth $17,474,707. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NEE shares. Seaport Research Partners reduced their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Barclays increased their price objective 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. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. HSBC upped their target price on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Finally, Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.