OMERS ADMINISTRATION Corp Has $109.78 Million Position in NextEra Energy, Inc. (NYSE:NEE)

OMERS ADMINISTRATION Corp trimmed its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,531,329 shares of the utilities provider's stock after selling 711,776 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.07% of NextEra Energy worth $109,781,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NEE. Empowered Funds LLC boosted its stake in shares of NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC boosted its stake in shares of NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after acquiring an additional 41,328 shares during the period. Czech National Bank boosted its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock worth $31,964,000 after acquiring an additional 27,340 shares during the period. True North Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $3,015,000. Finally, HB Wealth Management LLC boosted its stake in shares of NextEra Energy by 3.1% during the 4th quarter. HB Wealth Management LLC now owns 170,426 shares of the utilities provider's stock worth $12,218,000 after acquiring an additional 5,174 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NYSE NEE traded up $0.42 during midday trading on Friday, hitting $74.97. The company had a trading volume of 12,828,998 shares, compared to its average volume of 10,922,026. The company has a market capitalization of $154.34 billion, a PE ratio of 22.25, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $68.72 and a 200-day moving average price of $71.25. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

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

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business'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 completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays reduced their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $83.46.

About NextEra Energy

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.