NextEra Energy, Inc. (NYSE:NEE) is Beach Investment Counsel Inc. PA’s 7th Largest Position

Beach Investment Counsel Inc. PA lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 390,588 shares of the utilities provider’s stock after selling 113,268 shares during the quarter. NextEra Energy comprises about 3.8% of Beach Investment Counsel Inc. PA’s investment portfolio, making the stock its 7th biggest holding. Beach Investment Counsel Inc. PA’s holdings in NextEra Energy were worth $28,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Brown Lisle Cummings Inc. grew its position in NextEra Energy by 4.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16,050 shares of the utilities provider’s stock worth $1,151,000 after purchasing an additional 751 shares during the period. Pennsylvania Capital Management Inc. ADV lifted its holdings in NextEra Energy by 12.1% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 12,659 shares of the utilities provider’s stock valued at $907,000 after acquiring an additional 1,371 shares during the period. Robbins Farley increased its position in shares of NextEra Energy by 91.9% during the 4th quarter. Robbins Farley now owns 69,878 shares of the utilities provider’s stock valued at $5,010,000 after purchasing an additional 33,456 shares during the last quarter. Sloy Dahl & Holst LLC bought a new position in NextEra Energy in the 4th quarter worth $205,000. Finally, Rockline Wealth Management LLC lifted its position in shares of NextEra Energy by 5.4% during the 4th quarter. Rockline Wealth Management LLC now owns 58,498 shares of the utilities provider’s stock valued at $4,194,000 after buying an additional 2,988 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 1.7 %

Shares of NEE stock opened at $69.83 on Tuesday. The company has a market cap of $143.61 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock’s 50 day simple moving average is $72.51 and its two-hundred day simple moving average is $77.14. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated 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 approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

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.