Cibc World Market Inc. Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Cibc World Market Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 361,289 shares of the utilities provider’s stock after selling 70,063 shares during the quarter. Cibc World Market Inc.’s holdings in NextEra Energy were worth $25,901,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the third quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the fourth quarter worth about $28,000. Quarry LP purchased a new stake in shares of NextEra Energy during the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $39,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 0.5 %

NEE stock opened at $71.65 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm’s fifty day simple moving average is $72.60 and its 200-day simple moving average is $77.06. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a market capitalization of $147.34 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Company 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.