Phoenix Financial Ltd. Cuts Holdings in NextEra Energy, Inc. $NEE

Phoenix Financial Ltd. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 29.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 74,457 shares of the utilities provider’s stock after selling 30,727 shares during the period. Phoenix Financial Ltd.’s holdings in NextEra Energy were worth $5,621,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in shares of NextEra Energy by 2.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 6,911 shares of the utilities provider’s stock worth $480,000 after buying an additional 197 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Ronald R. Reagan sold 10,826 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total value of $920,210.00. Following the completion of the transaction, the executive vice president owned 15,643 shares in the company, valued at $1,329,655. This trade represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $85.42 on Tuesday. The firm has a market cap of $177.90 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $82.24 and its 200-day moving average is $78.72. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the business earned $1.03 EPS. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $104.00 price objective on shares of NextEra Energy in a report on Wednesday, January 21st. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a research note on Wednesday, January 14th. Citigroup reaffirmed a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.94.

NextEra Energy Profile

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.