D.A. Davidson & CO. Sells 11,336 Shares of NextEra Energy, Inc. (NYSE:NEE)

D.A. Davidson & CO. decreased its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 519,130 shares of the utilities provider’s stock after selling 11,336 shares during the period. D.A. Davidson & CO.’s holdings in NextEra Energy were worth $40,739,000 as of its most recent SEC filing.

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Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of NextEra Energy by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 16,099,565 shares of the utilities provider’s stock worth $1,247,074,000 after purchasing an additional 124,572 shares during the period. Pictet Asset Management SA lifted its holdings in NextEra Energy by 6.2% in the second quarter. Pictet Asset Management SA now owns 11,579,348 shares of the utilities provider’s stock worth $896,936,000 after buying an additional 675,372 shares during the period. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,309,930 shares of the utilities provider’s stock valued at $788,644,000 after acquiring an additional 282,012 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of NextEra Energy by 7.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,105,093 shares of the utilities provider’s stock worth $627,821,000 after acquiring an additional 569,399 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of NextEra Energy by 1.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 7,093,315 shares of the utilities provider’s stock worth $549,448,000 after acquiring an additional 104,588 shares in the last quarter. 76.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. Morgan Stanley upped their price target on NextEra Energy from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. Credit Suisse Group decreased their price target on shares of NextEra Energy from $89.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $94.00 to $80.00 in a research note on Thursday. BMO Capital Markets lifted their target price on shares of NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Finally, StockNews.com began coverage on NextEra Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.45.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 2,908 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total transaction of $227,376.52. Following the completion of the sale, the executive vice president now directly owns 11,489 shares in the company, valued at approximately $898,324.91. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Charles E. Sieving sold 7,723 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $85.00, for a total value of $656,455.00. Following the transaction, the executive vice president now owns 178,227 shares in the company, valued at approximately $15,149,295. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 2,908 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total transaction of $227,376.52. Following the sale, the executive vice president now owns 11,489 shares of the company’s stock, valued at $898,324.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,617 shares of company stock worth $3,962,217. 0.38% of the stock is owned by insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.41 during midday trading on Friday, reaching $75.99. 5,139,978 shares of the company’s stock traded hands, compared to its average volume of 7,957,171. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.51. NextEra Energy, Inc. has a one year low of $67.22 and a one year high of $91.35. The company has a market cap of $151.00 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.59 and a beta of 0.48. The stock has a 50 day moving average of $84.03 and a 200 day moving average of $83.01.

NextEra Energy (NYSE:NEE – Get Rating) last posted its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.11 EPS for the current fiscal year.

NextEra Energy Company Profile

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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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