Phoenix Financial Ltd. Has $5.62 Million Holdings in NextEra Energy, Inc. $NEE

Phoenix Financial Ltd. lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 29.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 74,457 shares of the utilities provider’s stock after selling 30,727 shares during the period. Phoenix Financial Ltd.’s holdings in NextEra Energy were worth $5,621,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised 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 acquiring an additional 298 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC boosted its position in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its position in shares of NextEra Energy by 2.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 6,911 shares of the utilities provider’s stock valued at $480,000 after purchasing an additional 197 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald R. Reagan sold 10,826 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total value of $920,210.00. Following the completion of the transaction, the executive vice president owned 15,643 shares in the company, valued at $1,329,655. This represents a 40.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $85.42 on Tuesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a market cap of $177.90 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.63 and a beta of 0.74. The company’s fifty day moving average price is $82.24 and its two-hundred day moving average price is $78.72. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on NEE. Mizuho boosted their price target on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Barclays lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Wells Fargo & Company increased their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Citigroup restated a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Finally, HSBC lifted their price target on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.94.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.