Cibc World Market Inc. Grows Stake in NextEra Energy, Inc. $NEE

Cibc World Market Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 30.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,270 shares of the utilities provider’s stock after buying an additional 144,496 shares during the quarter. Cibc World Market Inc.’s holdings in NextEra Energy were worth $46,598,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caprock Group LLC acquired a new position in shares of NextEra Energy during the third quarter valued at approximately $2,868,000. ING Groep NV acquired a new position in NextEra Energy in the 3rd quarter valued at $29,517,000. Krilogy Financial LLC lifted its holdings in NextEra Energy by 11.6% in the 3rd quarter. Krilogy Financial LLC now owns 14,281 shares of the utilities provider’s stock valued at $1,173,000 after purchasing an additional 1,488 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in NextEra Energy by 0.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 269,127 shares of the utilities provider’s stock worth $20,316,000 after purchasing an additional 2,354 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. boosted its stake in NextEra Energy by 1.7% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 66,760 shares of the utilities provider’s stock worth $5,040,000 after purchasing an additional 1,121 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NEE shares. The Goldman Sachs Group raised their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Citigroup reissued a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. TD Cowen started coverage on NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target for the company. Argus set a $92.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 304,189 shares of company stock worth $26,373,239 over the last quarter. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 0.7%

Shares of NYSE:NEE opened at $91.44 on Thursday. The business has a 50-day moving average price of $83.23 and a 200 day moving average price of $79.89. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $91.96. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $190.43 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.81 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $0.53 earnings per share. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.