Kennebec Savings Bank Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Kennebec Savings Bank lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,443 shares of the utilities provider’s stock after selling 459 shares during the quarter. Kennebec Savings Bank’s holdings in NextEra Energy were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the fourth quarter worth $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NEE shares. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $85.85.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $71.31 on Friday. The firm has a 50 day moving average of $72.72 and a two-hundred day moving average of $77.10. The firm has a market capitalization of $146.64 billion, a PE ratio of 21.16, a P/E/G ratio of 2.48 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

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, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS 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.