NextEra Energy, Inc. $NEE Shares Sold by CI Investments Inc.

CI Investments Inc. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 671,668 shares of the utilities provider’s stock after selling 176,720 shares during the period. CI Investments Inc.’s holdings in NextEra Energy were worth $50,704,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Strive Asset Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at about $755,000. Lumbard & Kellner LLC purchased a new position in NextEra Energy in the 3rd quarter worth approximately $230,000. Kingsview Wealth Management LLC boosted its holdings in NextEra Energy by 0.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 149,808 shares of the utilities provider’s stock worth $11,309,000 after acquiring an additional 794 shares during the period. 111 Capital grew its position in NextEra Energy by 108.1% in the third quarter. 111 Capital now owns 30,350 shares of the utilities provider’s stock valued at $2,291,000 after acquiring an additional 15,765 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its stake in shares of NextEra Energy by 3.0% during the third quarter. Elo Mutual Pension Insurance Co now owns 176,117 shares of the utilities provider’s stock valued at $13,295,000 after purchasing an additional 5,075 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred 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 transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’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 $1,675,800.00. Following the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 159,049 shares of company stock valued at $14,194,542 over the last quarter. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NEE shares. Morgan Stanley restated an “overweight” rating and issued a $106.00 target price on shares of NextEra Energy in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Barclays lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Wolfe Research increased their price target on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Finally, Mizuho set a $90.00 price objective on NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.47.

NextEra Energy Stock Performance

NEE stock opened at $92.58 on Tuesday. The stock’s 50 day simple moving average is $86.34 and its 200 day simple moving average is $81.92. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The firm has a market cap of $192.89 billion, a P/E ratio of 28.14 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last released its 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. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is currently 75.68%.

NextEra Energy 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.