BSW Wealth Partners Sells 272 Shares of NextEra Energy, Inc. (NYSE:NEE)

BSW Wealth Partners cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,731 shares of the utilities provider’s stock after selling 272 shares during the quarter. BSW Wealth Partners’ holdings in NextEra Energy were worth $483,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Perigon Wealth Management LLC lifted its holdings in NextEra Energy by 29.7% in the fourth quarter. Perigon Wealth Management LLC now owns 66,729 shares of the utilities provider’s stock valued at $4,762,000 after buying an additional 15,293 shares during the period. Matrix Asset Advisors Inc. NY raised its position in shares of NextEra Energy by 1.0% during the 4th quarter. Matrix Asset Advisors Inc. NY now owns 232,315 shares of the utilities provider’s stock valued at $16,655,000 after acquiring an additional 2,289 shares during the last quarter. Curbstone Financial Management Corp lifted its stake in shares of NextEra Energy by 11.9% in the 4th quarter. Curbstone Financial Management Corp now owns 25,128 shares of the utilities provider’s stock valued at $1,801,000 after purchasing an additional 2,664 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the last quarter. Finally, Vantage Investment Partners LLC boosted its position in shares of NextEra Energy by 3.5% in the 4th quarter. Vantage Investment Partners LLC now owns 172,530 shares of the utilities provider’s stock worth $12,369,000 after purchasing an additional 5,802 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

NYSE:NEE opened at $70.95 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $72.83 and a 200 day simple moving average of $77.14. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market capitalization of $145.90 billion, a PE ratio of 20.99, a P/E/G ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity at NextEra Energy

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

NextEra Energy 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.