NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Longfellow Investment Management Co. LLC

Key Points

• Longfellow Investment Management Co. LLC has reduced its stake in NextEra Energy by 28.1%, now holding 11,591 shares valued at approximately $822,000.
• Despite Longfellow's cut, other investors like Somerset Trust Co and Viking Fund Management have increased their positions in NextEra Energy during the same period, highlighting mixed institutional sentiment towards the stock.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, representing a yield of 3.1%, with a payout ratio of 79.37%.

Longfellow Investment Management Co. LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,591 shares of the utilities provider's stock after selling 4,541 shares during the period. Longfellow Investment Management Co. LLC's holdings in NextEra Energy were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth $30,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the 1st quarter worth $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter worth $36,000. CBIZ Investment Advisory Services LLC grew its stake in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of NextEra Energy in the 1st quarter worth $40,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NEE. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, UBS Group dropped their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.00 during midday trading on Thursday, reaching $72.30. The company had a trading volume of 6,779,234 shares, compared to its average volume of 11,860,739. The business's 50-day simple moving average is $72.67 and its 200 day simple moving average is $70.59. The stock has a market cap of $148.88 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.47 and a beta of 0.63. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year 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.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly 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 business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. NextEra Energy's dividend payout ratio is presently 79.37%.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the 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 sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

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.