NextEra Energy Inc (NEE) Holdings Trimmed by First National Bank Sioux Falls

First National Bank Sioux Falls cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the utilities provider’s stock after selling 74 shares during the period. First National Bank Sioux Falls’ holdings in NextEra Energy were worth $280,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Massey Quick Simon & CO. LLC bought a new stake in shares of NextEra Energy during the 1st quarter worth $39,000. RPG Investment Advisory LLC bought a new stake in shares of NextEra Energy during the 1st quarter worth $42,000. Acima Private Wealth LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $39,000. Westside Investment Management Inc. raised its stake in NextEra Energy by 62.9% in the 4th quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

A number of brokerages recently issued reports on NEE. Zacks Investment Research cut 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 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group cut NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. 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 note 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 note on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $183.54.

In related news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 19,210 shares in the company, valued at approximately $3,679,099.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Manoochehr K. Nazar sold 36,807 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $189.87, for a total value of $6,988,545.09. Following the completion of the sale, the insider now owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The disclosure for this sale can be found here. Insiders have sold a total of 173,773 shares of company stock valued at $33,097,211 in the last ninety days. Insiders own 0.48% of the company’s stock.

NEE stock opened at $189.79 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The stock has a market cap of $90.91 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 2.91 and a beta of 0.29. NextEra Energy Inc has a twelve month low of $155.06 and a twelve month high of $195.55.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.19. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. During the same quarter last year, the firm posted $1.94 earnings per share. Sell-side analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

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NextEra Energy Company 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.

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

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