NextEra Energy Inc (NEE) Position Reduced by Boltwood Capital Management

Boltwood Capital Management reduced its stake in NextEra Energy Inc (NYSE:NEE) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,167 shares of the utilities provider’s stock after selling 100 shares during the period. Boltwood Capital Management’s holdings in NextEra Energy were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Acima Private Wealth LLC purchased a new position in NextEra Energy during the fourth quarter worth about $39,000. Westside Investment Management Inc. boosted its holdings in NextEra Energy by 62.9% during the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in NextEra Energy during the fourth quarter worth about $46,000. PRW Wealth Management LLC purchased a new position in NextEra Energy during the fourth quarter worth about $49,000. Finally, Liberty Wealth Management LLC purchased a new position in NextEra Energy during the fourth quarter worth about $49,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the transaction, the director now owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James L. Robo sold 111,864 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $191.27, for a total transaction of $21,396,227.28. The disclosure for this sale can be found here. In the last three months, insiders sold 173,773 shares of company stock valued at $33,097,211. Corporate insiders own 0.48% of the company’s stock.

Several analysts have commented on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Morgan Stanley boosted their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Guggenheim reissued a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a research report on Monday, January 7th. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a research report on Monday, April 8th. Finally, Barclays raised shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $184.31.

NextEra Energy stock traded up $0.27 during midday trading on Wednesday, reaching $190.06. 1,465,079 shares of the stock were exchanged, compared to its average volume of 2,089,950. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 52 week low of $155.06 and a 52 week high of $195.55. The firm has a market capitalization of $90.91 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.91 and a beta of 0.29.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.19. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the company earned $1.94 EPS. Research analysts forecast that NextEra Energy Inc will post 8.4 earnings per share for the current year.

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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.

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

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