Point72 Hong Kong Ltd Invests $469,000 in NextEra Energy, Inc. (NYSE:NEE)

Point72 Hong Kong Ltd bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,539 shares of the utilities provider’s stock, valued at approximately $469,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.0% during the fourth 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 acquired a new stake in shares of NextEra Energy during the fourth quarter worth $3,484,197,000. Geode Capital Management LLC grew its stake 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 purchasing an additional 1,359,268 shares during the period. Northern Trust Corp grew its stake in shares of NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after purchasing an additional 588,038 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.46.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $74.97 on Friday. The firm has a market cap of $154.34 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The stock’s 50-day moving average is $68.72 and its 200-day moving average is $71.31. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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.