HTLF Bank Reduces Its Stake in NextEra Energy, Inc.

HTLF Bank has significantly reduced its investment in NextEra Energy, Inc. (NYSE:NEE) by 47.9% during the fourth quarter of the year. This information was disclosed in HTLF Bank's most recent 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 4,296 shares, HTLF Bank now holds a total of 4,673 shares in the utilities provider. As of the latest quarter, the value of HTLF Bank's holdings in NextEra Energy was approximately $335,000.

A number of other institutional investors have also made adjustments to their positions concerning NEE. For instance, Tandem Capital Management Corp ADV increased its stake in NextEra Energy by 1.3% during the third quarter, acquiring an additional 125 shares and bringing its total to 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 acquiring 126 additional shares. Taylor & Morgan Wealth Management LLC saw a 1.7% increase, adding 126 shares for a total of 7,744 shares valued at $655,000. Another institutional investor, Osborne Partners Capital Management LLC, increased its position by 1.2%, now holding 10,724 shares worth $906,000 after a purchase of 128 additional shares. Lastly, Boston Trust Walden Corp raised its holdings by 0.4%, owning 30,720 shares valued at $2,597,000 after acquiring 130 additional shares. Notably, 78.72% of NextEra Energy's stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Overview

As of Friday, NextEra Energy's shares opened at $68.24. The company maintains a current ratio of 0.47, a quick ratio of 0.38, and a debt-to-equity ratio of 1.20. Its stock has fluctuated between a 12-month low of $53.95 and a high of $86.10. The fifty-day simple moving average stands at $71.66, while the 200-day moving average is $76.98. NextEra Energy holds a market capitalization of $140.33 billion, with a price-to-earnings ratio of 20.25, a PEG ratio of 2.42, and a beta of 0.58.

NextEra Energy reported its earnings results on January 24, revealing earnings per share (EPS) of $0.53 for the quarter, which matched analysts' consensus estimates. The company posted a return on equity of 11.85%, along with a net margin of 28.06%. Research analysts project NextEra Energy to achieve an EPS of 3.68 for the current fiscal year.

Recent Analyst Price Target Changes

Several analysts have recently updated their price targets on NextEra Energy’s stock. Morgan Stanley raised its target price from $93.00 to $94.00, maintaining an "overweight" rating. Scotiabank also increased its price objective from $92.00 to $96.00, categorizing it as "sector outperform." Barclays lifted its target from $80.00 to $82.00 and assigned an "equal weight" rating. Guggenheim also boosted its target from $90.00 to $92.00, giving it a "buy" rating. Conversely, Evercore ISI reduced its target from $84.00 to $79.00, branding it as an "in-line" rating. Presently, eight investment analysts have issued a hold rating for the stock, while seven have given it a buy rating. According to MarketBeat, the overall average rating for the stock is "Hold" with a price target of $85.85.

Insider Transactions

In related developments, EVP Nicole J. Daggs completed a stock sale on November 12, selling 4,007 shares at an average price of $75.57, totaling approximately $302,808.99. After this transaction, Daggs now owns 15,792 shares, valued at around $1,193,401.44. This sale represented a 20.24% reduction in her holdings. The transaction details were disclosed through a filing available on the SEC website, indicating that corporate insiders own 0.18% of NextEra Energy’s stock.

Overview of 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. Their energy production methods include wind, solar, nuclear, natural gas, and other clean energy sources. The company also develops, constructs, and operates long-term contracted assets, which consist of clean energy solutions such as renewable generation facilities, battery storage projects, and electric transmission facilities. Additionally, they sell energy commodities and manage electric generation facilities in wholesale energy markets.

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