NextEra Energy, Inc. $NEE Shares Sold by Senator Investment Group LP

Key Points

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Senator Investment Group LP cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 425,000 shares of the utilities provider's stock after selling 19,629 shares during the period. NextEra Energy comprises about 1.6% of Senator Investment Group LP's holdings, making the stock its 29th biggest holding. Senator Investment Group LP's holdings in NextEra Energy were worth $30,128,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $30,000. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy in the first quarter valued at about $35,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $36,000. CBIZ Investment Advisory Services LLC raised its position in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at about $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, 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 $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents 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

NEE has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. UBS Group reduced their target price 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. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Price Performance

NextEra Energy stock opened at $75.77 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market cap of $156.03 billion, a P/E ratio of 26.49, a PEG ratio of 2.60 and a beta of 0.63. The company has a 50-day moving average price of $72.83 and a 200 day moving average price 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.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. 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.

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