USS Investment Management Ltd Sells 19,474 Shares of NextEra Energy, Inc. (NYSE:NEE)

USS Investment Management Ltd lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 482,814 shares of the utilities provider’s stock after selling 19,474 shares during the quarter. USS Investment Management Ltd’s holdings in NextEra Energy were worth $34,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the fourth quarter worth $28,000. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $44,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on NEE shares. 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 report on Thursday, April 24th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays reduced their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.46.

Insider Activity

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 directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $73.78 on Tuesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $151.89 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The stock’s 50-day moving average price is $68.74 and its 200-day moving average price is $71.17.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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.