Rafferty Asset Management LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Rafferty Asset Management LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,877 shares of the utilities provider's stock after selling 5,870 shares during the period. Rafferty Asset Management LLC's holdings in NextEra Energy were worth $16,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $28,000. Bellwether Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $33,000. Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of "Hold" and a consensus price target of $83.46.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value 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 $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James Michael May sold 2,383 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE traded down $1.22 during trading hours on Monday, reaching $73.78. The company had a trading volume of 14,436,913 shares, compared to its average volume of 10,936,086. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a market cap of $151.89 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The business's 50 day moving average price is $68.72 and its 200-day moving average price is $71.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the company posted $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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,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.