NextEra Energy, Inc. $NEE Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 863,647 shares of the utilities provider's stock after selling 17,915 shares during the period. NextEra Energy accounts for 0.7% of BI Asset Management Fondsmaeglerselskab A S's investment portfolio, making the stock its 28th largest position. BI Asset Management Fondsmaeglerselskab A S's holdings in NextEra Energy were worth $61,224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $30,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC lifted 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 valued at $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Stock Up 0.5%

NextEra Energy stock opened at $75.77 on Tuesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a 50 day moving average of $72.83 and a two-hundred day moving average of $70.63. 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 stock has a market capitalization of $156.03 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.60 and a beta of 0.63.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

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.