Leavell Investment Management Inc. decreased its position in NextEra Energy Inc (NYSE:NEE) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,943 shares of the utilities provider’s stock after selling 308 shares during the period. Leavell Investment Management Inc.’s holdings in NextEra Energy were worth $956,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NEE. RPG Investment Advisory LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $42,000. Acima Private Wealth LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $39,000. Westside Investment Management Inc. increased its stake in shares of NextEra Energy by 62.9% during the 4th quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $46,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a research note on Monday, April 8th. Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Morgan Stanley raised their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Finally, Guggenheim restated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $183.08.

In related news, insider Manoochehr K. Nazar sold 36,807 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $189.87, for a total value of $6,988,545.09. Following the completion of the transaction, the insider now directly owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deborah H. Caplan sold 3,054 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total transaction of $560,409.00. Following the completion of the transaction, the executive vice president now directly owns 22,597 shares of the company’s stock, valued at $4,146,549.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,773 shares of company stock valued at $33,097,211. 0.55% of the stock is owned by insiders.

NEE opened at $189.65 on Thursday. The company has a market capitalization of $91.55 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 12 month low of $155.06 and a 12 month high of $195.55. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. On average, equities analysts expect that NextEra Energy Inc will post 8.41 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Leavell Investment Management Inc. Has $956,000 Holdings in NextEra Energy Inc (NEE)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2019/04/18/leavell-investment-management-inc-has-956000-holdings-in-nextera-energy-inc-nee.html.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

See Also: Are FAANG stocks a good investment?

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.