Cibc World Markets Corp Buys 45,540 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cibc World Markets Corp boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,413 shares of the utilities provider’s stock after buying an additional 45,540 shares during the quarter. Cibc World Markets Corp’s holdings in NextEra Energy were worth $23,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter valued at $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the fourth quarter worth $36,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of NextEra Energy by 2,482.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 571 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $72.15 on Tuesday. The firm has a market capitalization of $148.41 billion, a P/E ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $59.44 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average price of $70.54 and a 200 day moving average price of $75.77.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the 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 owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% 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.