AEGON ASSET MANAGEMENT UK Plc Has $53.17 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in NextEra Energy, Inc. by 3.5%, holding $53.17 million worth of shares after selling 28,112 shares during the second quarter.
• NextEra Energy reported a quarterly EPS of $1.05, exceeding estimates, with a revenue of $6.70 billion, which fell short of expectations of $7.52 billion.
• Institutional investors own 78.72% of NextEra Energy's stock, and the company recently announced a quarterly dividend of $0.5665 per share with a dividend yield of 2.7%.

AEGON ASSET MANAGEMENT UK Plc lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 763,843 shares of the utilities provider's stock after selling 28,112 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in NextEra Energy were worth $53,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Courier Capital LLC raised its stake in NextEra Energy by 6.6% in the second quarter. Courier Capital LLC now owns 22,253 shares of the utilities provider's stock valued at $1,545,000 after purchasing an additional 1,379 shares in the last quarter. Sagespring Wealth Partners LLC raised its stake in NextEra Energy by 13.7% during the second quarter. Sagespring Wealth Partners LLC now owns 37,485 shares of the utilities provider's stock worth $2,602,000 after acquiring an additional 4,525 shares in the last quarter. IFC Advisors LLC raised its stake in NextEra Energy by 7.2% during the second quarter. IFC Advisors LLC now owns 53,425 shares of the utilities provider's stock worth $3,709,000 after acquiring an additional 3,572 shares in the last quarter. Harbour Trust & Investment Management Co raised its stake in NextEra Energy by 8.8% during the second quarter. Harbour Trust & Investment Management Co now owns 130,220 shares of the utilities provider's stock worth $9,040,000 after acquiring an additional 10,502 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in NextEra Energy by 11.7% during the second quarter. RFG Advisory LLC now owns 54,997 shares of the utilities provider's stock worth $3,818,000 after acquiring an additional 5,761 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE opened at $84.67 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $174.37 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The firm's fifty day simple moving average is $74.74 and its two-hundred day simple moving average is $71.94. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock worth $2,446,490 over the last quarter. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an "outperform" rating in a research note on Monday, October 6th. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.57.

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.

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