NextEra Energy, Inc. (NYSE:NEE) is Border to Coast Pensions Partnership Ltd’s 9th Largest Position

Border to Coast Pensions Partnership Ltd increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,265,802 shares of the utilities provider’s stock after purchasing an additional 49,725 shares during the quarter. NextEra Energy makes up 1.8% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 9th largest holding. Border to Coast Pensions Partnership Ltd owned about 0.06% of NextEra Energy worth $90,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tandem Capital Management Corp ADV grew its holdings in NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares during the period. Insight Folios Inc boosted its position in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC increased its position in shares of NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after buying an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $71.39 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a market cap of $146.81 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock’s 50-day simple moving average is $73.68 and its 200 day simple moving average is $77.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on NEE shares. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $87.15.

About NextEra Energy

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.