First Merchants Corp Sells 202 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Merchants Corp reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,047 shares of the utilities provider’s stock after selling 202 shares during the quarter. First Merchants Corp’s holdings in NextEra Energy were worth $6,957,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Life Planning Partners Inc bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $5,653,000. Pathway Financial Advisers LLC lifted its holdings in NextEra Energy by 2.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 12,881 shares of the utilities provider’s stock worth $923,000 after buying an additional 330 shares during the period. Avestar Capital LLC boosted its position in NextEra Energy by 10.3% during the 4th quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 1,092 shares in the last quarter. Castle Wealth Management LLC grew its holdings in shares of NextEra Energy by 5.0% during the 4th quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock worth $1,382,000 after acquiring an additional 918 shares during the period. Finally, Naples Global Advisors LLC raised its position in shares of NextEra Energy by 1.5% in the 4th quarter. Naples Global Advisors LLC now owns 92,657 shares of the utilities provider’s stock worth $6,643,000 after acquiring an additional 1,351 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several research reports. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Trading Down 1.0 %

NYSE:NEE opened at $68.61 on Friday. The stock has a market cap of $141.10 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average price is $71.27 and its 200-day moving average price is $76.92. 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 earnings results 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 return on equity of 11.85% and a net margin of 28.06%. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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,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.