5,432 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Tema Etfs LLC

Tema Etfs LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,432 shares of the utilities provider’s stock, valued at approximately $389,000.

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

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 0.6%

NEE opened at $74.97 on Monday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market capitalization of $154.34 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business has a fifty day moving average price of $68.72 and a 200 day moving average price of $71.20.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the firm posted $0.91 EPS. NextEra Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. Barclays reduced their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets dropped their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.46.

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.