Assenagon Asset Management S.A. Sells 761,984 Shares of NextEra Energy, Inc. $NEE

Key Points

• Assenagon Asset Management S.A. sold 761,984 shares of NextEra Energy, Inc., reducing its holdings by 78.2%, leaving it with 212,742 shares valued at approximately $14.77 million.
• Multiple institutional investors have recently increased their stakes in NextEra Energy, with notable increases from Brighton Jones LLC (7.0%) and United Advisor Group LLC (55.5%) in the fourth quarter.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, representing a 3.1% yield and a dividend payout ratio of 79.37%.

Assenagon Asset Management S.A. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 78.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 212,742 shares of the utilities provider's stock after selling 761,984 shares during the period. Assenagon Asset Management S.A.'s holdings in NextEra Energy were worth $14,769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Forum Financial Management LP raised its position in shares of NextEra Energy by 46.6% in the 4th quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider's stock worth $714,000 after acquiring an additional 3,164 shares in the last quarter. United Advisor Group LLC raised its position in shares of NextEra Energy by 55.5% in the 4th quarter. United Advisor Group LLC now owns 4,323 shares of the utilities provider's stock worth $310,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $126,000. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,523 shares of company stock valued at $1,476,245. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.00.

NextEra Energy Trading Up 1.7%

Shares of NextEra Energy stock opened at $72.31 on Tuesday. The firm has a market capitalization of $148.91 billion, a PE ratio of 25.28, a P/E/G ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm's 50-day moving average price is $72.71 and its 200 day moving average price is $71.07. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

NextEra Energy 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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