Mitchell Capital Management Co. Trims Holdings in NextEra Energy, Inc. $NEE

Mitchell Capital Management Co. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 86.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,406 shares of the utilities provider’s stock after selling 27,212 shares during the quarter. Mitchell Capital Management Co.’s holdings in NextEra Energy were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after acquiring an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 852 shares in the last quarter. Finally, RFG Advisory LLC raised its position in shares of NextEra Energy by 11.7% in the 2nd quarter. RFG Advisory LLC now owns 54,997 shares of the utilities provider’s stock worth $3,818,000 after purchasing an additional 5,761 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on NEE shares. The Goldman Sachs Group increased their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Citigroup reiterated a “buy” rating and set a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Evercore restated an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. TD Cowen assumed coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Finally, Jefferies Financial Group set a $87.00 target price on NextEra Energy in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $92.95.

NextEra Energy Price Performance

NYSE NEE opened at $91.44 on Thursday. The stock has a market capitalization of $190.43 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.81 and a beta of 0.76. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $91.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The business’s fifty day moving average price is $83.23 and its 200-day moving average price is $79.89.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling at NextEra Energy

In other news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 304,189 shares of company stock worth $26,373,239 over the last 90 days. 0.20% of the stock is owned by company insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.