Global Trust Asset Management LLC Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Global Trust Asset Management LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,420 shares of the utilities provider’s stock after selling 3,311 shares during the period. NextEra Energy accounts for 1.4% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Global Trust Asset Management LLC’s holdings in NextEra Energy were worth $3,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the period. Burkett Financial Services LLC lifted its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $28,000. Finally, Quarry LP bought a new stake in shares of NextEra Energy during the third quarter valued at about $33,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.85 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business has a 50 day moving average price of $73.40 and a 200-day moving average price of $77.24. The firm has a market cap of $145.70 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.