HTLF Bank Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

HTLF Bank has decreased its investment in NextEra Energy, Inc. (NYSE:NEE) by 47.9% during the fourth quarter, as per the latest 13F filing with the Securities and Exchange Commission. After selling 4,296 shares, the bank now holds 4,673 shares of the utility provider. At the end of the last quarter, these holdings were valued at approximately $335,000.

In addition to HTLF Bank, other institutional investors have also made adjustments to their holdings in NextEra Energy. For instance, Tandem Capital Management Corp ADV increased its stake by 1.3% in the third quarter, acquiring an additional 125 shares for a total of 9,935 shares valued at $840,000. Similarly, Insight Folios Inc raised its holdings by 1.5%, now owning 8,439 shares worth $713,000 after an additional purchase of 126 shares.

Furthermore, Taylor & Morgan Wealth Management LLC boosted its position by 1.7%, bringing its total to 7,744 shares valued at $655,000 after acquiring 126 more shares in the same quarter. In another instance, Osborne Partners Capital Management LLC increased its investment by 1.2%, now holding 10,724 shares valued at $906,000 after purchasing 128 shares. Boston Trust Walden Corp also made a slight increase of 0.4%, with now 30,720 shares valued at $2,597,000 after an additional purchase of 130 shares. In total, hedge funds and other institutional investors own about 78.72% of NextEra Energy's stock.

NextEra Energy Stock Performance

As of Friday, shares of NextEra Energy opened at $68.24. The company has 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 Energy's stock prices have varied significantly, with a low of $53.95 and a high of $86.10. The stock's fifty-day and 200-day simple moving averages are $71.66 and $76.98, respectively. NextEra Energy has a market capitalization of $140.33 billion and maintains a price-to-earnings ratio of 20.25 and a PEG ratio of 2.42.

On January 24, the company released its latest earnings report, revealing earnings per share (EPS) of $0.53, aligning perfectly with analysts' expectations. NextEra Energy has reported a return on equity of 11.85% and a net margin of 28.06%. Forecasts from research analysts suggest that NextEra Energy will report an EPS of 3.68 for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have reiterated their price targets for NextEra Energy. Morgan Stanley recently raised its target from $93.00 to $94.00, maintaining an "overweight" rating. Scotiabank increased their objective from $92.00 to $96.00, also awarding the company a "sector outperform" rating. Barclays adjusted their target from $80.00 to $82.00, classifying it as an "equal weight". Guggenheim has raised their target from $90.00 to $92.00 while maintaining a "buy" rating. Conversely, Evercore ISI decreased its target from $84.00 to $79.00 and gave an "in-line" rating. Overall, eight investment analysts have rated NextEra Energy with a hold while seven have given it a buy rating. According to MarketBeat, the average stock rating is "Hold" with an average price target of $85.85.

Insider Transactions at NextEra Energy

In related news, Nicole J. Daggs, an executive vice president at NextEra Energy, sold 4,007 shares in a transaction dated November 12. The shares were sold at an average price of $75.57, resulting in total proceeds of $302,808.99. Post-transaction, Daggs holds 15,792 shares valued at approximately $1,193,401.44, marking a 20.24% decrease in her position. This transaction was disclosed in a filing with the SEC, which is publicly accessible. Currently, only 0.18% of the stock is owned by corporate insiders.

About NextEra Energy

NextEra Energy, Inc. is focused on generating, transmitting, distributing, and selling electric power across North America. The company utilizes various energy sources, including wind, solar, nuclear, and natural gas. It also develops clean energy solutions, including long-term projects in renewable energy and battery storage.

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