BTC Capital Management Inc. Boosts Stock Holdings in NextEra Energy, Inc. $NEE

BTC Capital Management Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,547 shares of the utilities provider’s stock after purchasing an additional 11,207 shares during the period. BTC Capital Management Inc.’s holdings in NextEra Energy were worth $9,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy in the 2nd quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter worth about $25,000. Finally, Quaker Wealth Management LLC boosted its position in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,189 shares of company stock worth $26,373,239 in the last 90 days. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Up 2.0%

NYSE NEE opened at $93.78 on Friday. The business has a fifty day moving average price of $83.61 and a 200 day moving average price of $80.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The company has a market cap of $195.30 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.84 and a beta of 0.76. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $94.94.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on NEE shares. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. BTIG Research reissued a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. Argus set a $92.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wolfe Research increased their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Finally, Citigroup reiterated a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.95.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.