International Assets Investment Management LLC Sells 8,707 Shares of NextEra Energy, Inc. $NEE

Key Points

• International Assets Investment Management LLC reduced its stake in NextEra Energy by 19.5%, selling 8,707 shares during the second quarter, leaving them with 36,053 shares valued at $2,503,000.
• Analysts have mixed sentiments on NextEra Energy, with price targets ranging from $85.00 to $95.00, amid a general assessment of "Moderate Buy" from the market.
• The company recently announced a quarterly dividend of $0.5665 per share, translating to an annual yield of 2.7%, with a payout ratio of 79.37%.

International Assets Investment Management LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,053 shares of the utilities provider's stock after selling 8,707 shares during the period. International Assets Investment Management LLC's holdings in NextEra Energy were worth $2,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% during 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 buying an additional 2,025,193 shares during the last quarter. Northern Trust Corp lifted its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock valued at $1,655,512,000 after purchasing an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. GQG Partners LLC lifted its stake in shares of 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 purchasing an additional 6,352,798 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm'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 in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock worth $2,446,490 over the last three months. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. 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 note on Friday, July 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $86.40.

NextEra Energy Trading Down 0.7%

Shares of NYSE NEE opened at $84.48 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The business's 50 day moving average price is $75.54 and its 200-day moving average price is $72.24. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74. The company has a market cap of $173.97 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company's revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.