Livingston Group Asset Management CO operating as Southport Capital Management trimmed its position in NextEra Energy Inc (NYSE:NEE) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,560 shares of the utilities provider’s stock after selling 424 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in NextEra Energy were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Windsor Group LTD grew its holdings in NextEra Energy by 3.0% during the 4th quarter. Windsor Group LTD now owns 1,557 shares of the utilities provider’s stock valued at $377,000 after buying an additional 46 shares in the last quarter. Honkamp Krueger Financial Services Inc. grew its position in NextEra Energy by 0.6% in the fourth quarter. Honkamp Krueger Financial Services Inc. now owns 7,614 shares of the utilities provider’s stock worth $1,844,000 after acquiring an additional 46 shares in the last quarter. Bedel Financial Consulting Inc. grew its position in NextEra Energy by 1.4% in the third quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock worth $795,000 after acquiring an additional 47 shares in the last quarter. Horan Securities Inc. grew its position in NextEra Energy by 37.6% in the third quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 47 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in NextEra Energy by 1.2% during the third quarter. Flagship Harbor Advisors LLC now owns 3,891 shares of the utilities provider’s stock worth $906,000 after acquiring an additional 47 shares during the last quarter. 77.07% of the stock is owned by institutional investors.

NEE has been the topic of a number of recent research reports. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group cut NextEra Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $236.00 to $256.00 in a report on Wednesday. Morgan Stanley cut their target price on NextEra Energy from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Mizuho increased their price target on NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Wells Fargo & Co increased their price target on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $238.69.

Shares of NEE traded up $0.22 during midday trading on Thursday, hitting $251.80. The stock had a trading volume of 394,865 shares, compared to its average volume of 1,552,077. NextEra Energy Inc has a 1 year low of $171.74 and a 1 year high of $252.19. The firm has a market cap of $121.08 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 3.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47. The stock’s 50 day moving average is $239.16 and its 200 day moving average is $226.14.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy Inc will post 8.37 earnings per share for the current fiscal year.

In related news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $239.37, for a total value of $382,992.00. Following the transaction, the director now owns 14,897 shares of the company’s stock, valued at approximately $3,565,894.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $234.39, for a total transaction of $2,343,900.00. Corporate insiders own 0.48% of the company’s stock.

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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