Apexium Financial LP Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Apexium Financial LP decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,319 shares of the utilities provider’s stock after selling 335 shares during the quarter. Apexium Financial LP’s holdings in NextEra Energy were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NEE. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $39,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.2 %

NEE opened at $73.69 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average is $73.02 and its two-hundred day moving average is $77.19. The company has a market capitalization of $151.53 billion, a P/E ratio of 21.80, a PEG ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred 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 $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

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,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.