Snowden Capital Advisors LLC Has $13.47 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Snowden Capital Advisors LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,894 shares of the utilities provider’s stock after selling 3,216 shares during the quarter. Snowden Capital Advisors LLC’s holdings in NextEra Energy were worth $13,470,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Accurate Wealth Management LLC increased its position in shares of NextEra Energy by 2.6% during the fourth quarter. Accurate Wealth Management LLC now owns 9,102 shares of the utilities provider’s stock worth $617,000 after buying an additional 232 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of NextEra Energy by 10.6% in the fourth quarter. Kathmere Capital Management LLC now owns 5,618 shares of the utilities provider’s stock valued at $403,000 after buying an additional 538 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in NextEra Energy by 114.8% during the 4th quarter. Acropolis Investment Management LLC now owns 2,739 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 1,464 shares in the last quarter. BluePath Capital Management LLC raised its position in NextEra Energy by 20.0% in the 4th quarter. BluePath Capital Management LLC now owns 26,012 shares of the utilities provider’s stock valued at $1,742,000 after buying an additional 4,344 shares during the last quarter. Finally, ERn Financial LLC purchased a new position in NextEra Energy during the fourth quarter worth about $217,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.1%

NEE opened at $74.46 on Friday. The business has a 50 day simple moving average of $68.71 and a two-hundred day simple moving average of $71.34. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market capitalization of $153.29 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NEE shares. Barclays reduced their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.46.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.