NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,289 shares of the utilities provider’s stock after selling 70,063 shares during the quarter. Cibc World Market Inc.’s holdings in NextEra Energy were worth $25,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. Nordea Investment Management AB boosted its holdings in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in shares of NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after acquiring an additional 26,270 shares during the last quarter. Swiss National Bank increased its position in shares of NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Czech National Bank raised its stake in NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after purchasing an additional 9,425 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

Shares of NYSE:NEE opened at $71.65 on Friday. The business has a 50-day moving average price of $72.60 and a 200 day moving average price of $77.06. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $147.34 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.48 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NEE. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI decreased 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 research note on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.