Point72 Asia Singapore Pte. Ltd. Invests $616,000 in NextEra Energy, Inc. (NYSE:NEE)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,586 shares of the utilities provider's stock, valued at approximately $616,000.

Other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of NextEra Energy during the fourth quarter worth approximately $469,000. Polar Asset Management Partners Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $24,948,000. Quantinno Capital Management LP grew its holdings in shares of NextEra Energy by 8.4% during the 4th quarter. Quantinno Capital Management LP now owns 344,292 shares of the utilities provider's stock valued at $24,682,000 after acquiring an additional 26,587 shares in the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of NextEra Energy in the fourth quarter worth $2,176,000. Finally, NorthRock Partners LLC raised its holdings in shares of NextEra Energy by 143.1% during the fourth quarter. NorthRock Partners LLC now owns 26,982 shares of the utilities provider's stock worth $1,934,000 after acquiring an additional 15,882 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI cut 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 research report on Monday, January 27th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $83.46.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $1.22 during trading hours on Monday, hitting $73.78. 14,436,913 shares of the stock were exchanged, compared to its average volume of 10,936,086. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company's 50 day moving average is $68.72 and its 200 day moving average is $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. The firm has a market capitalization of $151.89 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.45 and a beta of 0.69.

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

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

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.