Clifford Swan Investment Counsel LLC Sells 336 Shares of NextEra Energy (NEE)

Clifford Swan Investment Counsel LLC lowered its holdings in NextEra Energy (NYSE:NEE) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,953 shares of the utilities provider’s stock after selling 336 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in NextEra Energy were worth $1,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Taylor Hoffman Wealth Management bought a new stake in NextEra Energy in the 4th quarter valued at about $106,000. D Orazio & Associates Inc. bought a new stake in NextEra Energy in the 4th quarter valued at about $113,000. Cerebellum GP LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $128,000. Keeler Thomas Management LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $129,000. Finally, Centersquare Investment Management LLC bought a new stake in NextEra Energy in the 1st quarter valued at about $150,000. 76.38% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on NEE. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday. KeyCorp boosted their price objective on shares of NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price objective for the company. in a report on Wednesday, April 11th. JPMorgan Chase boosted their price objective on shares of NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, April 26th. Finally, UBS began coverage on shares of NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $168.92.

In other news, Director Eric E. Silagy sold 11,114 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the completion of the sale, the director now owns 25,898 shares of the company’s stock, valued at approximately $4,164,916.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $160.89, for a total transaction of $2,896,020.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,265 shares of company stock valued at $9,726,667. 0.55% of the stock is currently owned by insiders.

Shares of NextEra Energy opened at $156.42 on Friday, Marketbeat.com reports. NextEra Energy has a 1-year low of $157.17 and a 1-year high of $159.00. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $74.79 billion, a PE ratio of 23.35, a PEG ratio of 2.34 and a beta of 0.23.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.16. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $1.75 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. research analysts forecast that NextEra Energy will post 7.74 earnings per share for the current year.

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.

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

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