NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital Management reduced its stake in NextEra Energy, Inc. by 28% in the first quarter, owning 37,380 shares valued at approximately $2,650,000.
• NextEra Energy has seen significant trading activity from institutional investors, with 78.72% of its stock owned by institutions and various funds increasing their stakes.
• The company reported $1.05 earnings per share in its latest quarterly results, exceeding analyst expectations, and announced a quarterly dividend of $0.5665 per share, yielding 3.15% annually.

Neo Ivy Capital Management lessened its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,380 shares of the utilities provider's stock after selling 14,505 shares during the quarter. NextEra Energy accounts for approximately 0.8% of Neo Ivy Capital Management's investment portfolio, making the stock its 25th biggest position. Neo Ivy Capital Management's holdings in NextEra Energy were worth $2,650,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its stake in NextEra Energy by 149.6% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider's stock valued at $887,000 after purchasing an additional 7,418 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of NextEra Energy by 14.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 6,776 shares of the utilities provider's stock worth $486,000 after buying an additional 871 shares during the last quarter. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Down 0.9%

Shares of NEE traded down $0.62 during mid-day trading on Monday, hitting $71.23. The company's stock had a trading volume of 2,953,531 shares, compared to its average volume of 12,232,102. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company's 50-day moving average is $72.23 and its 200-day moving average is $70.43. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $146.69 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.48 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Analysts Set New Price Targets

Several equities analysts recently commented on NEE shares. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Barclays increased 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. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, UBS Group cut 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 report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

NextEra Energy 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.