Hartford Investment Management Co. Sells 2,189 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hartford Investment Management Co. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,132 shares of the utilities provider’s stock after selling 2,189 shares during the period. Hartford Investment Management Co.’s holdings in NextEra Energy were worth $9,114,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at about $27,000. Burkett Financial Services LLC increased its position in shares of 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 acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $28,000. Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the third quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 0.9 %

Shares of NEE stock opened at $70.36 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $144.69 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The stock has a 50 day simple moving average of $71.52 and a 200 day simple moving average of $77.00. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, NextEra Energy currently 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.