Raiffeisen Bank International AG Buys Shares of 7,367 NextEra Energy, Inc. (NYSE:NEE)

Raiffeisen Bank International AG purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,367 shares of the utilities provider's stock, valued at approximately $526,000.

A number of other hedge funds have also made changes to their positions in NEE. Hennion & Walsh Asset Management Inc. grew its position in shares of NextEra Energy by 153.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,357 shares of the utilities provider's stock valued at $1,459,000 after purchasing an additional 12,339 shares during the last quarter. Ritholtz Wealth Management grew its holdings in NextEra Energy by 4.8% in the 4th quarter. Ritholtz Wealth Management now owns 30,966 shares of the utilities provider's stock valued at $2,220,000 after buying an additional 1,413 shares during the last quarter. Certified Advisory Corp increased its position in NextEra Energy by 8.0% in the 4th quarter. Certified Advisory Corp now owns 3,816 shares of the utilities provider's stock worth $274,000 after buying an additional 282 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of NextEra Energy by 2.7% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 30,785 shares of the utilities provider's stock worth $2,207,000 after buying an additional 798 shares during the last quarter. Finally, Brand Asset Management Group Inc. lifted its holdings in shares of NextEra Energy by 8.8% during the fourth quarter. Brand Asset Management Group Inc. now owns 3,608 shares of the utilities provider's stock worth $259,000 after buying an additional 292 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE traded down $2.86 on Wednesday, hitting $71.55. The company's stock had a trading volume of 16,132,298 shares, compared to its average volume of 10,978,405. The company has a market capitalization of $147.30 billion, a PE ratio of 21.23, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a 50 day moving average price of $68.77 and a 200 day moving average price of $71.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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 analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's 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 owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $83.46.

NextEra Energy Company 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.