Montag A & Associates Inc. Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Montag A & Associates Inc. lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 8.1% in the third quarter, Holdings Channel.com reports. The fund owned 72,714 shares of the utilities provider’s stock after selling 6,443 shares during the quarter. Montag A & Associates Inc.’s holdings in NextEra Energy were worth $4,166,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NEE. Country Trust Bank grew its stake in NextEra Energy by 975.6% in the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Alaska Permanent Fund Corp purchased a new position in shares of NextEra Energy during the second quarter worth $26,000. Coppell Advisory Solutions LLC acquired a new stake in NextEra Energy during the second quarter worth about $32,000. Tower View Wealth Management LLC purchased a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $35,000. Finally, Mizuho Securities Co. Ltd. raised its position in shares of NextEra Energy by 444.4% in the second quarter. Mizuho Securities Co. Ltd. now owns 490 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 400 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on NEE shares. Citigroup began coverage on NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective on the stock. Evercore ISI reduced their price objective on shares of NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a research report on Friday, October 20th. Wolfe Research dropped their target price on shares of NextEra Energy from $79.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, October 20th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.85.

View Our Latest Analysis on NEE

NextEra Energy Price Performance

Shares of NEE stock traded up $0.97 during trading hours on Monday, reaching $57.55. The company had a trading volume of 9,616,855 shares, compared to its average volume of 10,448,346. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The company has a market capitalization of $118.08 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.01 and a beta of 0.52. The stock has a fifty day moving average of $59.66 and a 200-day moving average of $60.99.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business earned $0.51 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Nicole S. Arnaboldi bought 8,500 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were bought at an average cost of $59.59 per share, for a total transaction of $506,515.00. Following the acquisition, the director now directly owns 11,523 shares of the company’s stock, valued at approximately $686,655.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Profile

(Free Report)

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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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

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