Cyrus J. Lawrence LLC Sells 113,525 Shares of NextEra Energy, Inc. $NEE

Key Points

• Cyrus J. Lawrence LLC significantly reduced its stake in NextEra Energy by 94.9%, selling 113,525 shares and now holding only 6,150 shares valued at $435,000.
• Multiple hedge funds, including Somerset Trust Co and Viking Fund Management LLC, increased their positions in NextEra Energy, indicating a strong interest from institutional investors, who now own 78.72% of the company's stock.
• NextEra Energy is set to pay a quarterly dividend of $0.5665 per share on September 15, representing a 3.1% annual dividend yield with a payout ratio of 79.37%.

Cyrus J. Lawrence LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 94.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,150 shares of the utilities provider's stock after selling 113,525 shares during the period. Cyrus J. Lawrence LLC's holdings in NextEra Energy were worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Somerset Trust Co raised its stake in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after buying an additional 4,445 shares during the last quarter. Elyxium Wealth LLC bought a new position in NextEra Energy during the first quarter worth $783,000. Viking Fund Management LLC raised its stake in NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after buying an additional 200,000 shares during the last quarter. Trust Co. of Vermont raised its stake in NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after buying an additional 8,472 shares during the last quarter. Finally, Tema Etfs LLC raised its stake in NextEra Energy by 835.9% during the first quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock worth $3,604,000 after buying an additional 45,407 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade 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 available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $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. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Finally, Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE opened at $72.03 on Friday. The stock has a market capitalization of $148.34 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.48 and a beta of 0.63. The company has a 50-day moving average price of $73.20 and a 200-day moving average price of $70.95. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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 revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is 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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