Stewart & Patten Co. LLC Lowers Stock Position in NextEra Energy Inc (NYSE:NEE)

Stewart & Patten Co. LLC lowered its position in shares of NextEra Energy Inc (NYSE:NEE) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,924 shares of the utilities provider’s stock after selling 200 shares during the quarter. Stewart & Patten Co. LLC’s holdings in NextEra Energy were worth $681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Bedel Financial Consulting Inc. increased its holdings in shares of NextEra Energy by 1.4% during the third quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock valued at $795,000 after acquiring an additional 47 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in shares of NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after acquiring an additional 49 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of NextEra Energy by 1.0% during the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock valued at $1,015,000 after acquiring an additional 49 shares in the last quarter. Bogart Wealth LLC increased its holdings in shares of NextEra Energy by 1.4% during the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock valued at $824,000 after acquiring an additional 54 shares in the last quarter. Finally, Ullmann Financial Group Inc. increased its holdings in shares of NextEra Energy by 2.7% during the second quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock valued at $436,000 after acquiring an additional 57 shares in the last quarter. 76.11% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Bank of America raised their price target on NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group raised their price target on NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Guggenheim raised their price target on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $222.79.

NYSE NEE traded up $1.43 during trading hours on Thursday, hitting $231.34. The company’s stock had a trading volume of 56,674 shares, compared to its average volume of 2,032,840. NextEra Energy Inc has a 12 month low of $164.78 and a 12 month high of $234.27. The company’s 50 day simple moving average is $225.73 and its two-hundred day simple moving average is $208.52. The company has a market cap of $109.67 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 3.41 and a beta of 0.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the company earned $2.08 EPS. NextEra Energy’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, research analysts predict that NextEra Energy Inc will post 8.37 earnings per share for the current fiscal year.

In other NextEra Energy news, Director Sherry S. Barrat sold 4,700 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $218.57, for a total value of $1,027,279.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock valued at $21,514,886 over the last quarter. 0.48% of the stock is owned by corporate insiders.

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, 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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