Shell Asset Management Co. Buys 7,612 Shares of NextEra Energy, Inc. (NYSE:NEE)

Shell Asset Management Co. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,828 shares of the utilities provider's stock after acquiring an additional 7,612 shares during the period. Shell Asset Management Co.'s holdings in NextEra Energy were worth $2,353,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NEE. Sherbrooke Park Advisers LLC grew its position in NextEra Energy by 376.9% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,792 shares of the utilities provider's stock worth $1,491,000 after buying an additional 16,432 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of NextEra Energy by 164.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 194,843 shares of the utilities provider's stock worth $13,968,000 after purchasing an additional 121,176 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of NextEra Energy in the fourth quarter worth $526,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in NextEra Energy in the fourth quarter valued at about $616,000. Finally, Point72 Hong Kong Ltd bought a new stake in NextEra Energy during the fourth quarter worth about $469,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Barclays dropped 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 note on Tuesday, April 29th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $83.46.

NextEra Energy Trading Up 0.7%

NYSE NEE traded up $0.51 on Tuesday, reaching $74.37. The company had a trading volume of 8,045,895 shares, compared to its average volume of 10,939,559. The firm has a market cap of $153.10 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The business has a 50 day moving average of $68.74 and a two-hundred day moving average of $71.17. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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 net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the firm posted $0.91 EPS. The company's quarterly revenue was up 9.0% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

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.