Novare Capital Management LLC Sells 27,419 Shares of NextEra Energy (NEE)

Novare Capital Management LLC decreased its holdings in NextEra Energy (NYSE:NEE) by 94.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,515 shares of the utilities provider’s stock after selling 27,419 shares during the quarter. Novare Capital Management LLC’s holdings in NextEra Energy were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Inverness Counsel LLC NY boosted its stake in shares of NextEra Energy by 19.0% in the first quarter. Inverness Counsel LLC NY now owns 2,060 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 329 shares during the period. Oakworth Capital Inc. boosted its stake in shares of NextEra Energy by 12.9% in the fourth quarter. Oakworth Capital Inc. now owns 3,152 shares of the utilities provider’s stock valued at $498,000 after purchasing an additional 361 shares during the period. Synovus Financial Corp boosted its stake in shares of NextEra Energy by 1.8% in the fourth quarter. Synovus Financial Corp now owns 20,676 shares of the utilities provider’s stock valued at $3,233,000 after purchasing an additional 363 shares during the period. Colonial Trust Advisors boosted its stake in shares of NextEra Energy by 5.1% in the fourth quarter. Colonial Trust Advisors now owns 7,435 shares of the utilities provider’s stock valued at $1,161,000 after purchasing an additional 363 shares during the period. Finally, Torch Wealth Management LLC lifted its stake in NextEra Energy by 2.5% in the fourth quarter. Torch Wealth Management LLC now owns 14,865 shares of the utilities provider’s stock worth $2,322,000 after acquiring an additional 365 shares during the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

NEE has been the subject of a number of recent research reports. KeyCorp lifted their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Morgan Stanley decreased their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, March 8th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. JPMorgan Chase lifted their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, April 26th. Finally, ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and an average price target of $168.92.



In other news, insider Manoochehr K. Nazar sold 13,890 shares of NextEra Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $155.64, for a total value of $2,161,839.60. Following the transaction, the insider now directly owns 142,429 shares of the company’s stock, valued at approximately $22,167,649.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 81,489 shares of NextEra Energy stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $156.81, for a total transaction of $12,778,290.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,754 shares of company stock worth $22,504,957. 0.55% of the stock is owned by corporate insiders.

NEE stock opened at $160.22 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.59. NextEra Energy has a twelve month low of $137.00 and a twelve month high of $165.15. The company has a market cap of $73.66 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.31 and a beta of 0.23.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.16. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. analysts predict that NextEra Energy will post 7.74 earnings per share for the current year.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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