Montag A & Associates Inc. Sells 4,199 Shares of NextEra Energy, Inc. (NYSE:NEE)

Montag A & Associates Inc. lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 65,005 shares of the utilities provider's stock after selling 4,199 shares during the period. Montag A & Associates Inc.'s holdings in NextEra Energy were worth $4,608,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in NextEra Energy during the fourth quarter worth $3,484,197,000. Two Sigma Advisers LP acquired a new stake in NextEra Energy in the fourth quarter worth $240,269,000. California Public Employees Retirement System grew its holdings in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after purchasing an additional 2,517,369 shares during the period. Schroder Investment Management Group grew its holdings in NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after purchasing an additional 2,499,011 shares during the period. Finally, GAMMA Investing LLC grew its holdings in NextEra Energy by 8,456.8% in the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares during the period. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Up 1.0%

Shares of NextEra Energy stock opened at $75.91 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a 50-day moving average of $72.09 and a 200 day moving average of $70.33. The firm has a market cap of $156.27 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.68 and a beta of 0.67. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. As a group, sell-side analysts anticipate 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 was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Morgan Stanley cut 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. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

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.

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