Fishman Jay A Ltd. MI Has $1.82 Million Stock Position in NextEra Energy, Inc. $NEE

Fishman Jay A Ltd. MI cut its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 24.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,135 shares of the utilities provider’s stock after selling 7,700 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in NextEra Energy were worth $1,822,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Activest Wealth Management boosted its position in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at $25,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on NEE shares. HSBC increased their price objective on NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Wolfe Research upped their target price on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research note on Thursday, January 29th. Finally, Barclays upped their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $92.95.

Get Our Latest Analysis on NEE

Insider Transactions at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 204,586 shares of company stock worth $17,474,707. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Down 0.9%

NEE opened at $89.17 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $90.69. The firm has a market capitalization of $185.71 billion, a P/E ratio of 27.10, a PEG ratio of 2.78 and a beta of 0.76. The company’s 50-day moving average is $82.81 and its 200 day moving average is $79.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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