Point72 Asia Singapore Pte. Ltd. Buys New Position in NextEra Energy, Inc. (NYSE:NEE)

Point72 Asia Singapore Pte. Ltd. purchased a new position in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel reports. The fund purchased 8,586 shares of the utilities provider’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after purchasing an additional 2,090,538 shares during the period. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter worth $3,484,197,000. Geode Capital Management LLC boosted its position in shares of NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the last quarter. Northern Trust Corp increased its holdings in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after acquiring an additional 588,038 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.46.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

NextEra Energy Price Performance

NEE stock opened at $74.46 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $153.29 billion, a PE ratio of 22.10, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a 50-day moving average price of $68.71 and a 200 day moving average price of $71.34.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

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.