Guinness Atkinson Asset Management Inc Sells 697 Shares of NextEra Energy, Inc. (NYSE:NEE)

Guinness Atkinson Asset Management Inc lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,430 shares of the utilities provider’s stock after selling 697 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in NextEra Energy were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. Tandem Capital Management Corp ADV lifted its holdings in shares of NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after buying an additional 125 shares during the period. Insight Folios Inc lifted its position in shares of NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after buying an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew its stake in shares of NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 126 shares during the period. Osborne Partners Capital Management LLC increased its holdings in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $70.83 on Monday. The firm has a fifty day simple moving average of $73.50 and a two-hundred day simple moving average of $77.21. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a PEG ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.15.

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.