Flputnam Investment Management Co. Lowers Position in NextEra Energy, Inc. $NEE

Key Points

• Flputnam Investment Management Co. reduced its stake in NextEra Energy by 1.0%, now holding 374,264 shares worth approximately $26.5 million.
• NextEra Energy recently reported $1.05 earnings per share for the quarter, exceeding estimates, although its revenue of $6.70 billion fell short of forecasts.
• The company declared a quarterly dividend of $0.5665, equating to an annualized dividend of $2.27 and a dividend yield of 3.1%.

Flputnam Investment Management Co. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 374,264 shares of the utilities provider's stock after selling 3,613 shares during the period. Flputnam Investment Management Co.'s holdings in NextEra Energy were worth $26,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. ICW Investment Advisors LLC lifted its position in NextEra Energy by 1.6% during the first quarter. ICW Investment Advisors LLC now owns 21,322 shares of the utilities provider's stock valued at $1,512,000 after purchasing an additional 337 shares in the last quarter. Energy Income Partners LLC lifted its position in NextEra Energy by 2.6% during the first quarter. Energy Income Partners LLC now owns 619,732 shares of the utilities provider's stock valued at $43,933,000 after purchasing an additional 15,872 shares in the last quarter. Alamea Verwaltungs GmbH purchased a new position in NextEra Energy during the first quarter valued at $615,000. Retirement Planning Co of New England Inc. purchased a new position in NextEra Energy during the first quarter valued at $1,615,000. Finally, Decade Renewable Partners LP lifted its position in NextEra Energy by 0.8% during the first quarter. Decade Renewable Partners LP now owns 86,001 shares of the utilities provider's stock valued at $6,097,000 after purchasing an additional 701 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.1%

Shares of NEE stock opened at $72.03 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock's 50-day moving average price is $73.20 and its 200-day moving average price is $70.95. The stock has a market capitalization of $148.34 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict 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. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Insider Activity

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 sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at $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. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Finally, Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

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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