Brinker Capital Inc. reduced its position in NextEra Energy Inc (NYSE:NEE) by 2.9% during the 1st quarter, HoldingsChannel reports. The fund owned 14,986 shares of the utilities provider’s stock after selling 442 shares during the quarter. Brinker Capital Inc.’s holdings in NextEra Energy were worth $2,897,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan Co. increased its position in shares of NextEra Energy by 2.1% in the first quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 93 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of NextEra Energy by 7.3% in the fourth quarter. Sowell Financial Services LLC now owns 2,635 shares of the utilities provider’s stock worth $458,000 after acquiring an additional 180 shares in the last quarter. Covington Capital Management increased its position in shares of NextEra Energy by 1.8% in the fourth quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock worth $14,804,000 after acquiring an additional 1,483 shares in the last quarter. Kaizen Advisory LLC increased its position in shares of NextEra Energy by 22.5% in the fourth quarter. Kaizen Advisory LLC now owns 1,296 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 238 shares in the last quarter. Finally, Hexavest Inc. purchased a new position in shares of NextEra Energy in the fourth quarter worth approximately $68,255,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

NEE stock opened at $190.06 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market cap of $90.91 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.91 and a beta of 0.29. NextEra Energy Inc has a 52 week low of $155.06 and a 52 week high of $195.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.01 by $0.19. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. During the same period last year, the company posted $1.94 earnings per share. As a group, analysts anticipate that NextEra Energy Inc will post 8.4 earnings per share for the current year.

Several analysts recently commented on the stock. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a report on Monday. Goldman Sachs Group cut 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 report on Monday, April 8th. Wells Fargo & Co restated an “outperform” rating and set a $210.00 price target (up from $200.00) on shares of NextEra Energy in a report on Wednesday. Zacks Investment Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Finally, Guggenheim restated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $184.31.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the sale, the director now directly owns 19,210 shares in the company, valued at $3,679,099.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Robo sold 111,864 shares of NextEra Energy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $191.27, for a total transaction of $21,396,227.28. The disclosure for this sale can be found here. Insiders sold 173,773 shares of company stock valued at $33,097,211 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

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NextEra Energy Company 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.

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

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