NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,338 shares of the utilities provider’s stock after acquiring an additional 999 shares during the period. TrinityPoint Wealth LLC’s holdings in NextEra Energy were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in NextEra Energy in the 4th quarter worth approximately $3,484,197,000. Boston Partners acquired a new position in NextEra Energy during the 4th quarter worth $244,169,000. Amundi grew its stake in shares of NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after purchasing an additional 3,172,405 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of NextEra Energy by 44.9% during the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock valued at $578,164,000 after purchasing an additional 2,499,011 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, 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 insiders.

NextEra Energy Trading Up 0.6%

Shares of NYSE:NEE opened at $74.97 on Friday. The stock has a market capitalization of $154.34 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a 50 day moving average price of $68.72 and a 200 day moving average price of $71.25.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.46.

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.