Greenleaf Trust Has $7.96 Million Position in NextEra Energy, Inc. $NEE

Key Points

• Greenleaf Trust reduced its stake in NextEra Energy by 13.5% in Q2, owning 114,613 shares valued at approximately $7.96 million after selling 17,910 shares.
• Institutional investors currently own 78.72% of NextEra Energy's stock, with notable increases in holdings from GQG Partners LLC and Charles Schwab Investment Management Inc. during the first quarter.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 3.0%, with a payout ratio of 79.02%.

Greenleaf Trust lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,613 shares of the utilities provider's stock after selling 17,910 shares during the period. Greenleaf Trust's holdings in NextEra Energy were worth $7,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GQG Partners LLC raised its holdings in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 2,815,629 shares in the last quarter. Amundi increased its position in shares of NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock valued at $878,447,000 after purchasing an additional 2,657,438 shares during the period. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Finally, Boston Partners raised its stake in shares of NextEra Energy by 55.3% in the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock valued at $374,639,000 after purchasing an additional 1,886,999 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,369 shares of company stock worth $1,539,610 over the last three months. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of 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 and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday. Finally, Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They set 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 assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.08.

NextEra Energy Stock Up 0.5%

Shares of NextEra Energy stock opened at $76.20 on Tuesday. The business has a fifty day simple moving average of $72.63 and a 200 day simple moving average of $71.09. The stock has a market cap of $156.92 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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 analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date was 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 79.02%.

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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