Tybourne Capital Management HK Ltd. Has $3.81 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Tybourne Capital Management HK Ltd. lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 101.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,137 shares of the utilities provider's stock after buying an additional 26,806 shares during the quarter. NextEra Energy comprises approximately 1.0% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 23rd biggest position. Tybourne Capital Management HK Ltd.'s holdings in NextEra Energy were worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays reduced 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 research report on Tuesday, April 29th. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $83.46.

NextEra Energy Stock Up 0.6%

NEE stock opened at $74.97 on Monday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The business has a 50-day simple moving average of $68.72 and a 200 day simple moving average of $71.20. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $154.34 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS 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 period in the previous year, the company earned $0.91 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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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