BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $41.34 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 576,639 shares of the utilities provider's stock after buying an additional 8,996 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NextEra Energy were worth $41,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter worth about $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth approximately $44,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NYSE NEE opened at $74.37 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $153.10 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.45 and a beta of 0.69. The business has a 50 day simple moving average of $68.77 and a 200 day simple moving average of $71.20. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business's quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays reduced their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Guggenheim restated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock 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.

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