LifePlan Financial Group Inc decreased its position in NextEra Energy Inc (NYSE:NEE) by 14.9% during the 4th quarter, Holdings Channel reports. The fund owned 3,077 shares of the utilities provider’s stock after selling 539 shares during the quarter. LifePlan Financial Group Inc’s holdings in NextEra Energy were worth $535,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its holdings in NextEra Energy by 323.5% in the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in NextEra Energy by 340.9% in the fourth quarter. Sound Income Strategies LLC now owns 776 shares of the utilities provider’s stock valued at $135,000 after acquiring an additional 600 shares during the last quarter. Private Ocean LLC boosted its holdings in NextEra Energy by 154.2% in the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 472 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in NextEra Energy in the third quarter valued at about $168,000. Finally, Atlantic Trust LLC bought a new position in NextEra Energy during the second quarter worth about $184,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

A number of equities analysts have issued reports on the company. Wells Fargo & Co raised their target price on NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 10th. Morgan Stanley cut their price objective on NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a report on Monday, December 17th. Credit Suisse Group lifted their price objective on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Finally, Barclays lifted their price objective on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average price target of $179.15.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 4,920 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the transaction, the chief executive officer now owns 59,969 shares of the company’s stock, valued at approximately $10,201,326.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the transaction, the director now directly owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. In the last three months, insiders sold 79,598 shares of company stock worth $14,306,013. 0.55% of the stock is owned by insiders.

NextEra Energy stock traded up $0.31 during midday trading on Friday, reaching $175.70. The stock had a trading volume of 116,293 shares, compared to its average volume of 2,423,202. NextEra Energy Inc has a 1-year low of $145.10 and a 1-year high of $184.20. The firm has a market cap of $82.58 billion, a PE ratio of 26.23, a P/E/G ratio of 2.38 and a beta of 0.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm earned $1.85 EPS. NextEra Energy’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy Inc will post 7.77 EPS for the current year.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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