Guggenheim Capital LLC Decreases Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Guggenheim Capital LLC reduced its stake in NextEra Energy by 14.2%, now holding approximately 493,140 shares valued at nearly $35 million.
• Insider selling was noted, with Treasurer James Michael May and EVP Robert Coffey each selling shares, representing decreases of 7.30% and 22.03% in their positions, respectively.
• NextEra Energy reported a quarterly earnings per share (EPS) of $1.05, surpassing estimates, with a revenue of $6.70 billion for the quarter.

Guggenheim Capital LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,140 shares of the utilities provider's stock after selling 81,654 shares during the period. Guggenheim Capital LLC's holdings in NextEra Energy were worth $34,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Tradition Wealth Management LLC raised its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after acquiring an additional 143 shares in the last quarter. Cim LLC raised its holdings in shares of NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after acquiring an additional 158 shares in the last quarter. Conning Inc. raised its holdings in shares of NextEra Energy by 1.1% during the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after acquiring an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of NextEra Energy by 0.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after acquiring an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 2.9% during the 1st quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after acquiring an additional 168 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were 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 directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $74.91 on Wednesday. The stock's fifty day moving average is $73.14 and its two-hundred day moving average is $70.89. The company has a market capitalization of $154.26 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. 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 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.02%.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Melius initiated 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. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.79.

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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