HTLF Bank Reduces Stake in NextEra Energy, Inc.

HTLF Bank has decreased its ownership in NextEra Energy, Inc. (NYSE: NEE) by 47.9% during the fourth quarter, as revealed in the recent 13F filing submitted to the Securities & Exchange Commission. After selling 4,296 shares during this period, the bank now holds 4,673 shares of the utilities provider's stock, valued at approximately $335,000 at the close of the latest quarter.

Other Institutional Changes

In addition to HTLF Bank's actions, several other institutional investors have also adjusted their positions in NextEra Energy. For instance, Tandem Capital Management Corp ADV increased its shareholding by 1.3% in the third quarter, acquiring 125 additional shares, bringing its total to 9,935 shares, worth around $840,000. Similarly, Insight Folios Inc raised its holdings by 1.5% during the same period, now controlling 8,439 shares valued at $713,000 after purchasing an extra 126 shares. Taylor & Morgan Wealth Management LLC also incremented its position by 1.7%, ending up with 7,744 shares worth $655,000 after acquiring 126 more shares.

Furthermore, Osborne Partners Capital Management LLC increased its shares by 1.2%, holding 10,724 shares worth about $906,000 after a purchase of 128 shares. Boston Trust Walden Corp made a more modest increase, raising its stake by 0.4% with 30,720 shares now valued at $2,597,000 after buying 130 shares. Collectively, approximately 78.72% of NextEra Energy's stock is held by hedge funds and other institutional investors.

NextEra Energy Stock Overview

As of Friday, NextEra Energy’s shares opened at $68.24. The company reports a current ratio of 0.47, a quick ratio of 0.38, and a debt-to-equity ratio of 1.20. Over the past year, NextEra’s stock reached a low of $53.95 and a high of $86.10. The firm has a fifty-day simple moving average of $71.66, and a 200-day simple moving average of $76.98. Market capitalization stands at $140.33 billion, with a price-to-earnings ratio of 20.25. The price/earnings to growth (PEG) ratio is 2.42, and the stock has a beta of 0.58.

Recent Earnings Report

NextEra Energy released its earnings results on January 24, reporting earnings per share (EPS) of $0.53, aligning with analysts' expectations. The company's return on equity was recorded at 11.85%, while its net margin stood at 28.06%. Forecasts suggest that NextEra Energy, Inc. will achieve an EPS of 3.68 in the current fiscal year.

Analyst Ratings and Price Targets

In recent weeks, multiple research analysts have offered new insights regarding NextEra Energy's stock. Morgan Stanley recently raised its price target from $93.00 to $94.00, advising an "overweight" rating. Scotiabank also updated its price objective for the company from $92.00 to $96.00, maintaining a "sector outperform" rating. Barclays set its target at $82.00, up from $80.00, and suggested an "equal weight" rating. Additionally, Guggenheim increased its target from $90.00 to $92.00 with a "buy" recommendation. Evercore ISI lowered its price projection from $84.00 to $79.00, giving an "in-line" rating. Overall, eight analysts are holding a "hold" rating, while seven have issued a "buy" rating. MarketBeat reports an average rating of "Hold" with a consensus price target of $85.85.

Insider Transactions

In related news, Executive Vice President Nicole J. Daggs sold 4,007 shares of NextEra Energy on November 12 at an average price of $75.57, amounting to roughly $302,808. This sale represents a 20.24% reduction in her holdings, leaving her with 15,792 shares valued at approximately $1,193,401.44. The details of this transaction have been filed with the SEC.

About NextEra Energy, Inc.

NextEra Energy, Inc. operates through its subsidiaries to generate, transmit, distribute, and sell electric power to both retail and wholesale customers across North America. The company generates electricity from diverse sources, including wind, solar, nuclear, natural gas, and other forms of clean energy. In addition to energy production, NextEra develops and manages energy-related projects, including renewable generation facilities and battery storage, along with electric transmission systems.

Investment, Shares, Utilities