Regent Investment Management LLC lessened its holdings in NextEra Energy Inc (NYSE:NEE) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,501 shares of the utilities provider’s stock after selling 250 shares during the quarter. Regent Investment Management LLC’s holdings in NextEra Energy were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,341,000. Paragon Capital Management LLC boosted its stake in shares of NextEra Energy by 13.0% during the 4th quarter. Paragon Capital Management LLC now owns 3,730 shares of the utilities provider’s stock worth $648,000 after acquiring an additional 430 shares in the last quarter. Davis R M Inc. boosted its stake in shares of NextEra Energy by 4,112.3% during the 4th quarter. Davis R M Inc. now owns 65,206 shares of the utilities provider’s stock worth $11,334,000 after acquiring an additional 63,658 shares in the last quarter. Nachman Norwood & Parrott Inc purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $3,572,000. Finally, Joel Isaacson & Co. LLC boosted its stake in shares of NextEra Energy by 122.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 12,632 shares of the utilities provider’s stock worth $2,220,000 after acquiring an additional 6,946 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Co upped their target price on NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 10th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a research note on Monday, December 17th. Credit Suisse Group upped their target price on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Barclays upped their target price on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Royal Bank of Canada upped their target price on NextEra Energy to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $179.15.

NEE traded up $1.26 during trading on Tuesday, hitting $177.35. The company’s stock had a trading volume of 14,716 shares, compared to its average volume of 2,045,595. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65. The company has a market capitalization of $84.16 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.22. NextEra Energy Inc has a twelve month low of $145.10 and a twelve month high of $184.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.03. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. NextEra Energy’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 EPS. As a group, equities research analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.

In other news, CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the sale, the chief executive officer now directly owns 59,969 shares in the company, valued at approximately $10,201,326.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the sale, the chief executive officer now owns 94,596 shares of the company’s stock, valued at $17,103,902.76. The disclosure for this sale can be found here. Insiders sold a total of 79,598 shares of company stock valued at $14,306,013 over the last quarter. 0.55% of the stock is currently owned by insiders.

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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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