Canada Post Corp Registered Pension Plan boosted its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 68.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,238 shares of the utilities provider’s stock after purchasing an additional 27,326 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in NextEra Energy were worth $5,398,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth $25,000. Anfield Capital Management LLC increased its stake in shares of NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Strive Asset Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at approximately $29,000. Quest 10 Wealth Builders Inc. increased its stake in shares of NextEra Energy by 135.4% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 218 shares in the last quarter. Finally, Joseph Group Capital Management bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $32,000. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Price Performance
Shares of NEE opened at $93.34 on Friday. The company has a market capitalization of $194.64 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.73. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average of $92.94 and a 200 day moving average of $87.81. NextEra Energy, Inc. has a twelve month low of $63.88 and a twelve month high of $98.75.
Insider Buying and Selling
In related news, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the sale, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 31,767 shares of company stock worth $2,881,077. 0.18% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Scotiabank raised their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. DA Davidson raised their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.10.
NextEra Energy News Roundup
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: A potential Dominion acquisition could give NextEra Energy a bigger platform in regulated utilities and renewable power, while strengthening its exposure to surging data-center electricity demand. NextEra Energy Near Deal for Rival Utility Dominion
- Positive Sentiment: Several reports suggest the deal could be announced soon, which is keeping M&A speculation focused on NextEra Energy and the strategic value of its scale in the AI power boom. NextEra, Dominion in talks over tie-up to create $400 billion US utility giant, FT reports
- Neutral Sentiment: One article highlighted NextEra as a leading utility stock, but this was more of a broader sector mention than a company-specific catalyst. Got $1,000? These 3 Energy Stocks Are Worth Every Penny.
- Negative Sentiment: Comments about rising rates and quantitative tightening added pressure on rate-sensitive utilities like NextEra Energy, reinforcing concerns that higher Treasury yields could weigh on the group. Forget Utility Dividends. Kevin Warsh Just Made the 30-Year Treasury a Better Income Play
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.
Read More
- Five stocks we like better than NextEra Energy
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
