Point72 Hong Kong Ltd Invests $469,000 in NextEra Energy, Inc. (NYSE:NEE)

Point72 Hong Kong Ltd bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,539 shares of the utilities provider's stock, valued at approximately $469,000.

A number of other large investors have also modified their holdings of NEE. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $28,000. Bellwether Advisors LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insiders Place Their Bets

In other NextEra Energy 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 in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on NEE. JPMorgan Chase & Co. increased their target price 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 reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $83.46.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.51 during mid-day trading on Tuesday, hitting $74.37. 8,045,895 shares of the company's stock traded hands, compared to its average volume of 10,939,559. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a 50 day moving average price of $68.74 and a 200 day moving average price of $71.17. The company has a market cap of $153.10 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

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

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.