Border to Coast Pensions Partnership Ltd Has $86.19 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Border to Coast Pensions Partnership Ltd reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,215,802 shares of the utilities provider's stock after selling 50,000 shares during the quarter. NextEra Energy makes up about 1.8% of Border to Coast Pensions Partnership Ltd's portfolio, making the stock its 12th largest position. Border to Coast Pensions Partnership Ltd owned 0.06% of NextEra Energy worth $86,188,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NEE. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management bought a new stake in NextEra Energy during the fourth quarter worth $36,000. Promus Capital LLC purchased a new position in NextEra Energy in the fourth quarter worth $45,000. Finally, Mascoma Wealth Management LLC grew its stake in NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Barclays decreased their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Wells Fargo & Company dropped 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Stock Performance

Shares of NEE stock opened at $71.03 on Friday. The company's fifty day moving average price is $69.90 and its 200-day moving average price is $70.19. The stock has a market cap of $146.22 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 2.48 and a beta of 0.68. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. 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 posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

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.

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