Allstate Corp Sells 1,006 Shares of NextEra Energy, Inc. (NYSE:NEE)

Allstate Corp cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,649 shares of the utilities provider’s stock after selling 1,006 shares during the period. Allstate Corp’s holdings in NextEra Energy were worth $404,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Avitas Wealth Management LLC increased its stake in NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc increased its stake in shares of NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of NextEra Energy by 1.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after acquiring an additional 6,325 shares during the period. Janney Capital Management LLC increased its stake in shares of NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares during the period. Finally, Asio Capital LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $2,701,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Morgan Stanley increased their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. BMO Capital Markets raised their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.64.

NextEra Energy Stock Down 1.4 %

NextEra Energy stock traded down $1.10 during trading on Thursday, reaching $75.22. The stock had a trading volume of 3,880,223 shares, compared to its average volume of 11,629,066. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $77.41. The business has a 50 day moving average price of $66.85 and a 200 day moving average price of $61.34. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market cap of $154.54 billion, a PE ratio of 20.43, a P/E/G ratio of 2.82 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

About NextEra Energy

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,natural gas, and other clean energy. 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.