NextEra Energy, Inc. $NEE Shares Sold by Dupont Capital Management Corp

Key Points

• Dupont Capital Management Corp decreased its stake in NextEra Energy by 28.8%, selling over 40,000 shares, while its remaining holdings are valued at approximately $6.89 million.
• Insider selling was reported, with executive vice presidents Robert Coffey and Charles E. Sieving selling shares for a total of about $1.44 million in recent transactions.
• Analysts have set varied price targets for NextEra Energy, with recent ratings including a "buy" from Melius at $77 and an "outperform" rating from Evercore ISI with a price target of $92.

Dupont Capital Management Corp lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 99,289 shares of the utilities provider's stock after selling 40,073 shares during the quarter. Dupont Capital Management Corp's holdings in NextEra Energy were worth $6,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Avity Investment Management Inc. raised its stake in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after buying an additional 8,565 shares during the last quarter. Integrity Alliance LLC. raised its stake in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after buying an additional 7,401 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at about $783,000. Czech National Bank raised its stake in shares of NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock valued at $34,932,000 after buying an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. raised its stake in shares of NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock valued at $933,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,528 shares of company stock worth $2,277,773 over the last three months. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. New Street Research set a $84.00 price objective on NextEra Energy in a research note on Monday, October 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Evercore ISI set a $92.00 price target on NextEra Energy and gave the company an "outperform" rating in a research note on Monday, October 6th. Finally, Cowen started coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.40.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $84.80 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74. The business has a 50-day moving average price of $75.78 and a 200 day moving average price of $72.36. The firm has a market cap of $174.63 billion, a PE ratio of 29.65, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the business earned $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio is presently 79.02%.

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.

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.