EP Wealth Advisors LLC Has $72.07 Million Position in NextEra Energy, Inc. $NEE

Key Points

• EP Wealth Advisors LLC reduced its stake in NextEra Energy, Inc. by 2.1%, owning 1,016,640 shares valued at $72.07 million as of the latest SEC filing.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, surpassing analysts' expectation of $1.01, although revenue fell short of projected figures at $6.70 billion.
• The company declared a quarterly dividend of $0.5665 to be paid on September 15th, with a current yield of 3.1% and a payout ratio of 79.37%.

EP Wealth Advisors LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,016,640 shares of the utilities provider's stock after selling 21,642 shares during the period. EP Wealth Advisors LLC's holdings in NextEra Energy were worth $72,070,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NEE. GQG Partners LLC grew its holdings in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Two Sigma Advisers LP acquired a new stake in NextEra Energy during the 4th quarter worth about $240,269,000. Charles Schwab Investment Management Inc. grew its holdings in NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. GAMMA Investing LLC grew its holdings in NextEra Energy by 8,456.8% during the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after acquiring an additional 2,429,804 shares during the period. Finally, Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

NextEra Energy Price Performance

Shares of NYSE NEE opened at $72.03 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market cap of $148.34 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.65. 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 firm's 50-day simple moving average is $73.23 and its 200 day simple moving average is $71.00.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the firm earned $0.96 EPS. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

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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