CIBC World Markets Inc. Sells 104,238 Shares of NextEra Energy Inc (NEE)

CIBC World Markets Inc. decreased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 74.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,553 shares of the utilities provider’s stock after selling 104,238 shares during the quarter. CIBC World Markets Inc.’s holdings in NextEra Energy were worth $5,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Advisors Ltd. LLC lifted its stake in NextEra Energy by 323.5% in the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares during the last quarter. Private Ocean LLC lifted its stake in NextEra Energy by 154.2% in the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 472 shares during the last quarter. Braun Bostich & Associates Inc. lifted its stake in NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares during the last quarter. Howe & Rusling Inc. lifted its stake in NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in NextEra Energy in the second quarter valued at $167,000. Institutional investors and hedge funds own 75.88% of the company’s stock.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $167.00, for a total transaction of $267,200.00. Following the completion of the sale, the director now owns 21,300 shares in the company, valued at approximately $3,557,100. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 19,731 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the transaction, the executive vice president now directly owns 68,245 shares in the company, valued at $12,290,924.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,941 shares of company stock valued at $12,375,100. 0.55% of the stock is currently owned by corporate insiders.

NEE has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research note on Wednesday, August 8th. Mizuho initiated coverage on shares of NextEra Energy in a research note on Monday, August 13th. They issued a “buy” rating and a $184.00 price target for the company. Morgan Stanley increased their price target on shares of NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Finally, Wells Fargo & Co increased their price target on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $175.00.

NYSE NEE opened at $177.33 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The stock has a market cap of $84.75 billion, a PE ratio of 26.47, a P/E/G ratio of 2.72 and a beta of 0.13. NextEra Energy Inc has a 52-week low of $145.10 and a 52-week high of $183.65.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. NextEra Energy’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 EPS. As a group, equities research analysts expect that NextEra Energy Inc will post 7.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s dividend payout ratio is presently 66.27%.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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