NextEra Energy, Inc. $NEE Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in NextEra Energy by 1.8%, holding 1,080,401 shares worth $76.59 million at the end of the first quarter.
• NextEra Energy recently reported earnings of $1.05 per share, exceeding estimates, but revenue of $6.70 billion fell short of expectations.
• The company declared a quarterly dividend of $0.5665, which represents a yield of 3.0%, set to be paid on September 15th.

Epoch Investment Partners Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080,401 shares of the utilities provider's stock after selling 19,524 shares during the period. Epoch Investment Partners Inc. owned about 0.05% of NextEra Energy worth $76,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $30,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $35,000. Copia Wealth Management bought a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC grew its holdings 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 worth $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in NextEra Energy during the 1st quarter worth approximately $40,000. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling 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 stock was sold at an average price of $71.84, for a total value 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 $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company's stock, 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. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE traded down $0.06 during trading on Friday, hitting $72.03. The stock had a trading volume of 11,278,715 shares, compared to its average volume of 11,813,144. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month 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. The company has a market capitalization of $148.34 billion, a PE ratio of 25.19, a PEG ratio of 2.54 and a beta of 0.63. The firm has a fifty day moving average of $73.20 and a two-hundred day moving average of $70.93.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS 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 the consensus estimate of $7.52 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The company's revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

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.