Karpas Strategies LLC Sells 628 Shares of NextEra Energy, Inc. (NYSE:NEE)

Karpas Strategies LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,324 shares of the utilities provider’s stock after selling 628 shares during the period. Karpas Strategies LLC’s holdings in NextEra Energy were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth grew its position in NextEra Energy by 300.0% in the fourth quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 252 shares during the last quarter. Hoover Financial Advisors Inc. bought a new position in NextEra Energy in the fourth quarter valued at about $29,000. Safeguard Investment Advisory Group LLC bought a new position in NextEra Energy in the fourth quarter valued at about $29,000. Northwest Investment Counselors LLC bought a new stake in shares of NextEra Energy during the first quarter worth about $29,000. Finally, Emerson Wealth Management LLC acquired a new position in shares of NextEra Energy in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 19.20% of the company’s stock.

In other news, CAO James Michael May sold 6,031 shares of NextEra Energy stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $75.00, for a total transaction of $452,325.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,508 shares in the company, valued at $938,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald R. Reagan sold 3,750 shares of NextEra Energy stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the executive vice president now owns 32,209 shares of the company’s stock, valued at $2,576,720. The disclosure for this sale can be found here. Insiders have sold 350,316 shares of company stock valued at $26,377,231 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

NEE has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, April 26th. Sanford C. Bernstein began coverage on shares of NextEra Energy in a research note on Tuesday, March 9th. They set an “outperform” rating and a $88.00 price target for the company. Wells Fargo & Company raised their price target on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $87.00 to $85.00 in a research note on Monday, March 15th. Finally, Barclays raised their price target on shares of NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, April 19th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $78.83.

NYSE:NEE traded up $0.49 during trading hours on Friday, reaching $73.12. The company had a trading volume of 5,446,234 shares, compared to its average volume of 8,670,762. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The firm has a market cap of $143.42 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 4.07 and a beta of 0.16. The business’s 50-day simple moving average is $76.71 and its two-hundred day simple moving average is $78.00. NextEra Energy, Inc. has a twelve month low of $55.81 and a twelve month high of $87.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $5.01 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The business’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 2.3 earnings per share 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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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

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