NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,064 shares of the utilities provider’s stock after selling 657 shares during the quarter. Arlington Trust Co LLC’s holdings in NextEra Energy were worth $291,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NEE. Equitable Trust Co. grew its stake in NextEra Energy by 8.5% during the 4th quarter. Equitable Trust Co. now owns 44,077 shares of the utilities provider’s stock worth $3,160,000 after buying an additional 3,438 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in NextEra Energy by 68.6% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 41,096 shares of the utilities provider’s stock worth $2,946,000 after acquiring an additional 16,724 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of NextEra Energy by 6.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 4,837 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 288 shares during the last quarter. Quilter Plc increased its holdings in shares of NextEra Energy by 17.9% during the fourth quarter. Quilter Plc now owns 733,675 shares of the utilities provider’s stock valued at $52,597,000 after acquiring an additional 111,504 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of NextEra Energy in the 4th quarter valued at approximately $256,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $68.24 on Monday. 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 has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.42 and a beta of 0.58. The firm’s 50 day simple moving average is $71.66 and its 200-day simple moving average is $77.02. 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 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 net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.85.

Insider Activity at NextEra Energy

In other NextEra Energy 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 approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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.