Regent Investment Management LLC cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,126 shares of the utilities provider’s stock after selling 375 shares during the period. Regent Investment Management LLC’s holdings in NextEra Energy were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. First Manhattan Co. grew its holdings in shares of NextEra Energy by 2.1% during the first quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 93 shares in the last quarter. Covington Capital Management boosted its stake in NextEra Energy by 1.8% in the fourth quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock worth $14,804,000 after buying an additional 1,483 shares in the last quarter. Kaizen Advisory LLC boosted its stake in NextEra Energy by 22.5% in the fourth quarter. Kaizen Advisory LLC now owns 1,296 shares of the utilities provider’s stock worth $225,000 after buying an additional 238 shares in the last quarter. BLB&B Advisors LLC boosted its stake in NextEra Energy by 2.1% in the fourth quarter. BLB&B Advisors LLC now owns 25,513 shares of the utilities provider’s stock worth $4,435,000 after buying an additional 517 shares in the last quarter. Finally, Hexavest Inc. purchased a new stake in NextEra Energy in the fourth quarter worth approximately $68,255,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Shares of NEE stock opened at $190.38 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a fifty-two week low of $155.06 and a fifty-two week high of $195.55. The company has a market capitalization of $90.91 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 2.91 and a beta of 0.29.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy Inc will post 8.4 EPS for the current year.

Several brokerages have issued reports on NEE. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a “buy” rating in a research note on Monday. Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price for the company. in a research note on Monday, April 8th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $183.54.

In other NextEra Energy news, EVP Deborah H. Caplan sold 3,054 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total value of $560,409.00. Following the completion of the transaction, the executive vice president now owns 22,597 shares in the company, valued at $4,146,549.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the transaction, the director now owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,773 shares of company stock valued at $33,097,211. 0.48% of the stock is owned by corporate insiders.

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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.

Read More: Intrinsic Value

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

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