NFJ Investment Group LLC Has $81.55 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• NFJ Investment Group LLC has reduced its stake in NextEra Energy, Inc. (NYSE: NEE) by 1.2%, though it remains the fund's largest position at approximately 2.7% of its total holdings.
• Recent insider activity includes sales by EVP Robert Coffey and Treasurer James Michael May, indicating a decrease in ownership of the company's stock.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, reflecting a 3.2% yield, with a payout ratio of 79.37%.

NFJ Investment Group LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,150,389 shares of the utilities provider's stock after selling 13,741 shares during the quarter. NextEra Energy accounts for approximately 2.7% of NFJ Investment Group LLC's investment portfolio, making the stock its largest position. NFJ Investment Group LLC owned 0.06% of NextEra Energy worth $81,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Somerset Trust Co lifted its position in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the period. Elyxium Wealth LLC bought a new stake in NextEra Energy during the first quarter worth about $783,000. Viking Fund Management LLC lifted its position in NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares during the period. Trust Co. of Vermont lifted its position in NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after purchasing an additional 8,472 shares during the period. Finally, Tema Etfs LLC lifted its position in NextEra Energy by 835.9% during the first quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock worth $3,604,000 after purchasing an additional 45,407 shares during the period. Institutional investors own 78.72% of the company's stock.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents 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 Stock Performance

Shares of NextEra Energy stock traded down $0.02 during trading hours on Friday, hitting $70.85. 10,065,510 shares of the company's stock traded hands, compared to its average volume of 9,782,666. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market capitalization of $145.90 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.44 and a beta of 0.65. The company has a fifty day simple moving average of $73.27 and a 200-day simple moving average of $71.07. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the firm posted $0.96 EPS. The business's revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on NEE shares. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped 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. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.