Occudo Quantitative Strategies LP Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

Occudo Quantitative Strategies LP purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,033 shares of the utilities provider's stock, valued at approximately $934,000.

A number of other large investors also recently modified their holdings of the business. Obermeyer Wealth Partners purchased a new position in NextEra Energy during the 4th quarter valued at about $292,000. Meketa Capital LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $897,000. Minot DeBlois Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $783,000. MJP Associates Inc. ADV lifted its holdings in shares of NextEra Energy by 8.5% during the fourth quarter. MJP Associates Inc. ADV now owns 4,669 shares of the utilities provider's stock worth $335,000 after buying an additional 364 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $11,813,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on NEE shares. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. 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. Evercore ISI lowered 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. Finally, Barclays lowered their target price 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Hold" and a consensus price target of $83.46.

NextEra Energy Trading Down 1.7%

NYSE NEE traded down $1.26 during trading hours on Monday, hitting $73.74. 5,392,560 shares of the company's stock were exchanged, compared to its average volume of 10,901,954. The stock has a 50-day simple moving average of $68.72 and a 200 day simple moving average of $71.20. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a market cap of $151.81 billion, a price-to-earnings ratio of 21.83, a PEG 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.

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred 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 $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James Michael May sold 2,383 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

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.