Royal Capital Wealth Management LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Royal Capital Wealth Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 11,294 shares of the utilities provider’s stock after selling 260 shares during the period. Royal Capital Wealth Management LLC’s holdings in NextEra Energy were worth $810,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NEE. Annex Advisory Services LLC raised its stake in shares of NextEra Energy by 101.3% during the fourth quarter. Annex Advisory Services LLC now owns 13,706 shares of the utilities provider’s stock valued at $983,000 after purchasing an additional 6,898 shares during the period. LVW Advisors LLC increased its stake in shares of NextEra Energy by 197.9% in the fourth quarter. LVW Advisors LLC now owns 7,214 shares of the utilities provider’s stock worth $517,000 after buying an additional 4,792 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of NextEra Energy by 36.4% in the fourth quarter. Diversify Wealth Management LLC now owns 5,312 shares of the utilities provider’s stock worth $358,000 after buying an additional 1,417 shares during the last quarter. LaFleur & Godfrey LLC increased its stake in shares of NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock worth $323,000 after buying an additional 400 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in shares of NextEra Energy by 5.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 13,240 shares of the utilities provider’s stock worth $949,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 0.7%

Shares of NYSE:NEE opened at $74.37 on Wednesday. The stock has a market capitalization of $153.10 billion, a PE ratio of 22.07, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a fifty day moving average price of $68.77 and a 200 day moving average price of $71.20. 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 (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research analyst reports. Barclays dropped their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, BMO Capital Markets lowered their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.46.

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.