NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its holdings in NextEra Energy, Inc. by 39.2%, selling 13,018 shares to own a total of 20,181 shares valued at approximately $1.43 million.
• A slew of institutional investors have made changes to their stakes in NextEra Energy, with 78.72% of the stock currently owned by institutional investors.
• NextEra Energy announces a quarterly dividend of $0.5665 per share, reflecting a 3.2% yield and a payout ratio of 79.37%.

Callan Family Office LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 39.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,181 shares of the utilities provider's stock after selling 13,018 shares during the period. Callan Family Office LLC's holdings in NextEra Energy were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NEE. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter valued at $30,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the first quarter valued at $35,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the 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 sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Up 4.4%

Shares of NYSE NEE traded up $3.16 during trading on Friday, reaching $75.40. The stock had a trading volume of 23,396,505 shares, compared to its average volume of 11,935,209. The business's 50-day moving average price is $72.69 and its 200-day moving average price is $70.58. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market cap of $155.27 billion, a P/E ratio of 26.36, a PEG ratio of 2.49 and a beta of 0.63.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

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.