Mitchell Capital Management Co. significantly reduced its stake in NextEra Energy (NYSE:NEE) by 86.1% in the third quarter, selling 27,212 shares and retaining 4,406 shares valued at $333,000. This trimming comes amid substantial insider selling, with CEO John W. Ketchum and Armando Pimentel Jr. offloading a combined 244,743 shares totaling over $21 million in recent months. Despite the institutional and insider selling, analysts generally maintain a “Moderate Buy” rating for NextEra Energy, with an average price target of $92.95.
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Mitchell Capital Management Co. Trims Holdings in NextEra Energy, Inc. $NEE
Mitchell Capital Management Co. significantly reduced its stake in NextEra Energy (NYSE:NEE) by 86.1% in the third quarter, selling 27,212 shares and retaining 4,406 shares valued at $333,000. This trimming comes amid substantial insider selling, with CEO John W. Ketchum and Armando Pimentel Jr. offloading a combined 244,743 shares totaling over $21 million in recent months. Despite the institutional and insider selling, analysts generally maintain a “Moderate Buy” rating for NextEra Energy, with an average price target of $92.95.