Logan Capital Management Inc. Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Logan Capital Management Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,455 shares of the utilities provider's stock after selling 3,894 shares during the quarter. Logan Capital Management Inc.'s holdings in NextEra Energy were worth $4,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter valued at approximately $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy in the 4th quarter worth about $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the 4th quarter worth about $44,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NEE shares. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Finally, Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of "Hold" and an average price target of $83.46.

NextEra Energy Stock Performance

NYSE NEE traded up $0.42 on Friday, reaching $74.97. 12,828,998 shares of the stock were exchanged, compared to its average volume of 10,914,298. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. 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 $154.34 billion, a PE ratio of 22.25, a PEG ratio of 2.45 and a beta of 0.69. The company's 50-day simple moving average is $68.71 and its two-hundred day simple moving average is $71.34.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) 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 company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was 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 of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% 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 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,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.