IFM Investors Pty Ltd Sells 92,915 Shares of NextEra Energy, Inc. $NEE

Key Points

• IFM Investors Pty Ltd has reduced its stake in NextEra Energy, Inc. by 15.6%, now holding 500,937 shares worth approximately $35.51 million.
• Insider transactions have occurred, including EVP Michael Dunne selling 10,000 shares at an average price of $70.79, marking a 13.88% decrease in his position.
• Analysts have a consensus rating of "Moderate Buy" for NextEra Energy, with price targets ranging from $81.00 to $87.00.

IFM Investors Pty Ltd decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,937 shares of the utilities provider's stock after selling 92,915 shares during the quarter. IFM Investors Pty Ltd's holdings in NextEra Energy were worth $35,511,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $26,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the first quarter valued at approximately $35,000. Copia Wealth Management bought a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. Semmax Financial Advisors Inc. raised its stake in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after buying an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.34 on Friday, reaching $71.66. The company's stock had a trading volume of 9,343,417 shares, compared to its average volume of 10,011,098. 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. The company has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a PEG ratio of 2.46 and a beta of 0.65. The stock's 50 day simple moving average is $73.10 and its 200-day simple moving average is $71.06.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,677 shares of company stock worth $1,415,418 over the last 90 days. Corporate insiders own 0.20% of the company's stock.

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.