Ninety One UK Ltd Has $185.94 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ninety One UK Ltd decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 29.3% during the 4th quarter, HoldingsChannel reports. The fund owned 2,593,668 shares of the utilities provider’s stock after selling 1,075,487 shares during the period. Ninety One UK Ltd’s holdings in NextEra Energy were worth $185,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP bought a new position in NextEra Energy during the third quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $36,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NEE shares. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Trading Down 1.6 %

Shares of NEE opened at $69.92 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $143.78 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.50 and a beta of 0.58. The stock has a fifty day moving average price of $72.40 and a two-hundred day moving average price of $77.14. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade 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 can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Company 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.