Caisse Des Depots ET Consignations Has $9.33 Million Stock Position in NextEra Energy, Inc. $NEE

Caisse Des Depots ET Consignations raised its position in NextEra Energy, Inc. (NYSE:NEE) by 10.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 123,645 shares of the utilities provider’s stock after acquiring an additional 11,752 shares during the period. Caisse Des Depots ET Consignations’ holdings in NextEra Energy were worth $9,334,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sax Wealth Advisors LLC increased its stake in NextEra Energy by 0.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 118 shares in the last quarter. apricus wealth LLC lifted its stake in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after buying an additional 120 shares in the last quarter. Fingerlakes Wealth Management Inc. grew its holdings in shares of NextEra Energy by 0.8% during the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after buying an additional 124 shares during the last quarter. Heritage Wealth Management Inc. increased its position in shares of NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after acquiring an additional 125 shares in the last quarter. Finally, Bank of Jackson Hole Trust increased its position in shares of NextEra Energy by 1.1% during the third quarter. Bank of Jackson Hole Trust now owns 11,885 shares of the utilities provider’s stock worth $897,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.7%

NYSE NEE opened at $91.44 on Thursday. The business’s fifty day moving average is $83.23 and its 200-day moving average is $79.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The stock 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, Inc. has a one year low of $61.72 and a one year high of $91.96.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating 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 in the prior year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares in the company, valued at approximately $867,870. This represents a 65.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 304,189 shares of company stock worth $26,373,239. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. HSBC lifted their target price on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Citigroup reissued a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.95.

NextEra Energy Company Profile

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.