Key Client Fiduciary Advisors LLC Has $718,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Key Client Fiduciary Advisors LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,021 shares of the utilities provider’s stock after selling 395 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in NextEra Energy were worth $718,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Beacon Investment Advisory Services Inc. raised its holdings in NextEra Energy by 1.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 94,985 shares of the utilities provider’s stock worth $6,809,000 after purchasing an additional 1,120 shares during the last quarter. Mutual Advisors LLC grew its position in shares of NextEra Energy by 34.1% during the 4th quarter. Mutual Advisors LLC now owns 23,803 shares of the utilities provider’s stock worth $1,699,000 after buying an additional 6,048 shares during the period. True North Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth approximately $3,015,000. Wesbanco Bank Inc. lifted its holdings in NextEra Energy by 6.4% in the fourth quarter. Wesbanco Bank Inc. now owns 310,879 shares of the utilities provider’s stock valued at $22,287,000 after buying an additional 18,677 shares during the period. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in NextEra Energy by 1.8% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,090,096 shares of the utilities provider’s stock valued at $78,149,000 after buying an additional 19,436 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.0 %

Shares of NYSE:NEE opened at $69.16 on Friday. The firm has a market cap of $142.21 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.38 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company’s fifty day simple moving average is $73.21 and its 200 day simple moving average is $77.17.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at NextEra Energy

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

Analyst Ratings Changes

Several brokerages have commented on NEE. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.