Blair William & Co. IL Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Blair William & Co. IL has reduced its holdings in NextEra Energy by 2.1%, now owning 400,713 shares worth approximately $28.4 million.
• NextEra Energy's Q2 earnings report showed an EPS of $1.05, beating expectations, but revenue fell short at $6.70 billion against a $7.52 billion forecast.
• The company will pay a quarterly dividend of $0.5665 on September 15, with an annualized yield of 3.2%, reflecting a payout ratio of 79.37%.

Blair William & Co. IL trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 400,713 shares of the utilities provider's stock after selling 8,423 shares during the period. Blair William & Co. IL's holdings in NextEra Energy were worth $28,407,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $30,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the 1st quarter valued at $35,000. Copia Wealth Management purchased a new stake in NextEra Energy during the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC boosted its stake in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in NextEra Energy during the 1st quarter valued at $40,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $70.41 on Monday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock's fifty day moving average is $72.26 and its 200 day moving average is $70.52. The stock has a market cap of $144.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.42 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,361 shares of company stock worth $2,365,398. Corporate insiders own 0.18% of the company's stock.

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.

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