ClearBridge Investments Ltd Sells 82,783 Shares of NextEra Energy, Inc. (NYSE:NEE)

ClearBridge Investments Ltd trimmed its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,510,713 shares of the utilities provider's stock after selling 82,783 shares during the period. NextEra Energy accounts for approximately 7.7% of ClearBridge Investments Ltd's holdings, making the stock its 3rd largest position. ClearBridge Investments Ltd owned about 0.22% of NextEra Energy worth $273,981,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at about $2,561,055,000. Mizuho Markets Americas LLC purchased a new stake in NextEra Energy in the 3rd quarter worth about $141,817,000. Nordea Investment Management AB raised its position in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider's stock worth $337,096,000 after purchasing an additional 2,148,205 shares during the period. International Assets Investment Management LLC raised its position in NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider's stock worth $132,016,000 after purchasing an additional 2,146,625 shares during the period. Finally, Vanguard Group Inc. raised its position in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider's stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.2 %

NEE traded down $0.16 during trading hours on Monday, hitting $75.93. 7,179,107 shares of the company's stock were exchanged, compared to its average volume of 11,793,969. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $77.41. The firm has a 50 day moving average of $65.76 and a 200 day moving average of $60.99. The firm has a market cap of $156.00 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.80 and a beta of 0.50. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm earned $0.84 EPS. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 15th. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. StockNews.com raised shares of NextEra Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 2nd. Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, April 23rd. Finally, Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a "sector outperform" rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $72.64.

About NextEra Energy

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.