BROOKFIELD Corp ON Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

BROOKFIELD Corp ON trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 73.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,666 shares of the utilities provider's stock after selling 1,529,061 shares during the period. BROOKFIELD Corp ON's holdings in NextEra Energy were worth $40,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $3,484,197,000. Boston Partners purchased a new position in NextEra Energy in the fourth quarter valued at approximately $244,169,000. Amundi grew its holdings in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the period. California Public Employees Retirement System increased its position in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after buying an additional 2,517,369 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after buying an additional 2,499,011 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

Shares of NEE traded up $2.05 during trading hours on Friday, reaching $70.37. 17,324,949 shares of the company's stock traded hands, compared to its average volume of 10,768,414. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm's 50 day simple moving average is $68.73 and its 200-day simple moving average is $71.64. The stock has a market cap of $144.87 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NEE shares. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Barclays cut their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.46.

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.