OMERS ADMINISTRATION Corp Has $107.88 Million Position in NextEra Energy, Inc. $NEE

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in NextEra Energy by 0.6%, owning approximately 1,521,737 shares as of the latest filing, valued at $107.9 million.
• Analysts have varying ratings on NextEra Energy, with a consensus target price of $83.79 and ratings ranging from "Strong Buy" to "Hold."
• The company recently announced a quarterly dividend of $0.5665 per share, equating to an annualized yield of 3.1%.

OMERS ADMINISTRATION Corp decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,521,737 shares of the utilities provider's stock after selling 9,592 shares during the period. OMERS ADMINISTRATION Corp owned 0.07% of NextEra Energy worth $107,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. IMA Advisory Services Inc. bought a new stake in NextEra Energy during the first quarter worth approximately $35,000. Copia Wealth Management bought a new stake in NextEra Energy during the fourth quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of NextEra Energy in the first quarter valued at $40,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of NextEra Energy by 543.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider's stock valued at $41,000 after buying an additional 489 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

NextEra Energy Stock Down 0.1%

Shares of NextEra Energy stock traded down $0.06 on Monday, hitting $72.03. 11,278,715 shares of the company traded hands, compared to its average volume of 9,452,117. The company has a 50-day moving average price of $73.20 and a 200 day moving average price of $70.97. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a market cap of $148.34 billion, a PE ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the company posted $0.96 EPS. NextEra Energy's revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% 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.