Carmignac Gestion Cuts Holdings in NextEra Energy, Inc. $NEE

Key Points

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Carmignac Gestion reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,138 shares of the utilities provider's stock after selling 31,161 shares during the period. Carmignac Gestion's holdings in NextEra Energy were worth $3,271,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Credit Agricole S A increased its holdings in NextEra Energy by 103.7% in the 1st quarter. Credit Agricole S A now owns 917,119 shares of the utilities provider's stock valued at $65,015,000 after purchasing an additional 466,940 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of NextEra Energy by 3.9% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 535,742 shares of the utilities provider's stock valued at $38,026,000 after acquiring an additional 20,071 shares in the last quarter. Groupama Asset Managment grew its stake in shares of NextEra Energy by 3.1% during the first quarter. Groupama Asset Managment now owns 2,002,793 shares of the utilities provider's stock valued at $141,978,000 after acquiring an additional 61,015 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of NextEra Energy by 41.7% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 447,926 shares of the utilities provider's stock valued at $31,753,000 after acquiring an additional 131,727 shares in the last quarter. Finally, JT Stratford LLC grew its stake in shares of NextEra Energy by 52.7% during the first quarter. JT Stratford LLC now owns 23,579 shares of the utilities provider's stock valued at $1,672,000 after acquiring an additional 8,137 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.5%

NEE stock opened at $75.77 on Tuesday. 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, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a fifty day simple moving average of $72.83 and a 200 day simple moving average of $70.63. The firm has a market cap of $156.03 billion, a PE ratio of 26.49, a PEG ratio of 2.60 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEE. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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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