TCV Trust & Wealth Management Inc. Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

TCV Trust & Wealth Management Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 24.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,597 shares of the utilities provider’s stock after selling 2,450 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in NextEra Energy were worth $545,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth $27,000. Burkett Financial Services LLC grew its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the fourth quarter worth about $28,000. Quarry LP purchased a new stake in shares of NextEra Energy during the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.9 %

NextEra Energy stock opened at $70.36 on Wednesday. The stock has a 50-day moving average price of $71.52 and a 200 day moving average price of $77.00. The company has a market capitalization of $144.69 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.42 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. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI reduced their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $85.85.

About NextEra Energy

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.