Wright Investors Service Inc. lessened its stake in shares of NextEra Energy Inc (NYSE:NEE) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,372 shares of the utilities provider’s stock after selling 2,658 shares during the quarter. NextEra Energy accounts for 1.2% of Wright Investors Service Inc.’s investment portfolio, making the stock its 25th biggest position. Wright Investors Service Inc.’s holdings in NextEra Energy were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of NEE. Good Life Advisors LLC lifted its stake in shares of NextEra Energy by 26.7% in the fourth quarter. Good Life Advisors LLC now owns 2,464 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 520 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $322,000. Janney Montgomery Scott LLC raised its stake in NextEra Energy by 7.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 205,654 shares of the utilities provider’s stock valued at $35,747,000 after buying an additional 14,205 shares in the last quarter. Essex Savings Bank acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $318,000. Finally, Ibex Wealth Advisors raised its stake in NextEra Energy by 0.9% during the fourth quarter. Ibex Wealth Advisors now owns 30,543 shares of the utilities provider’s stock valued at $5,309,000 after buying an additional 274 shares in the last quarter. Institutional investors own 77.71% of the company’s stock.

In other news, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the transaction, the executive vice president now directly owns 68,245 shares of the company’s stock, valued at $12,290,924.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $180.81, for a total value of $6,391,091.07. Following the transaction, the chief executive officer now directly 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 have sold 74,678 shares of company stock valued at $13,469,072 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Several brokerages have issued reports on NEE. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Wednesday, January 30th. Argus upped their price objective on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Barclays upped their price objective on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Royal Bank of Canada upped their price objective on NextEra Energy to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Finally, Credit Suisse Group upped their price objective on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $178.42.

Shares of NYSE:NEE traded down $0.20 during trading on Monday, hitting $182.81. 33,397 shares of the company traded hands, compared to its average volume of 2,273,485. The firm has a market capitalization of $87.47 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.81 and a beta of 0.26. NextEra Energy Inc has a one year low of $145.10 and a one year high of $184.20. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. As a group, analysts predict that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

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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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