Canada Post Corp Registered Pension Plan Acquires Shares of 111,872 NextEra Energy, Inc. (NYSE:NEE)

Canada Post Corp Registered Pension Plan bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 111,872 shares of the utilities provider’s stock, valued at approximately $8,020,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accel Wealth Management lifted its holdings in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after buying an additional 145 shares in the last quarter. L.M. Kohn & Company lifted its stake in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after acquiring an additional 145 shares in the last quarter. 1ST Source Bank lifted its stake in shares of NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after acquiring an additional 147 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 149 shares during the last quarter. Finally, Baker Ellis Asset Management LLC grew its stake in NextEra Energy by 1.3% during the 4th quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 150 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 1.5 %

NYSE:NEE opened at $65.72 on Monday. The firm has a market capitalization of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58. The business has a 50 day simple moving average of $69.89 and a 200 day simple moving average of $73.78. 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, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. 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. This represents a $2.27 annualized dividend and a dividend yield of 3.45%. NextEra Energy’s payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NEE. Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley increased their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.92.

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.