Signature Estate & Investment Advisors LLC Has $36.80 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Signature Estate & Investment Advisors LLC has reduced its stake in NextEra Energy by 38.9%, selling 330,468 shares and now holding approximately 1.0% of its portfolio in the company.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, with a dividend yield of 3.2%, reflecting a payout ratio of 79.37%.
• Shares of NextEra Energy opened at $70.85, with a one-year high of $86.10 and a low of $61.72, alongside a market cap of $145.90 billion.

Signature Estate & Investment Advisors LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 38.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 519,125 shares of the utilities provider's stock after selling 330,468 shares during the quarter. NextEra Energy accounts for 1.0% of Signature Estate & Investment Advisors LLC's holdings, making the stock its 25th biggest position. Signature Estate & Investment Advisors LLC's holdings in NextEra Energy were worth $36,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GQG Partners LLC increased its stake in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Two Sigma Advisers LP bought a new stake in NextEra Energy during the 4th quarter worth approximately $240,269,000. Charles Schwab Investment Management Inc. increased its stake in NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Amundi increased its stake in NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in NextEra Energy by 8,456.8% during the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other 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 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 represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,677 shares of company stock valued at $1,415,418. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on NEE. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. HSBC reduced their price target on 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, JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Up 0.5%

Shares of NYSE NEE traded up $0.34 during trading hours on Friday, hitting $71.66. The company had a trading volume of 9,343,417 shares, compared to its average volume of 10,011,098. The stock has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.65. 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 1-year low of $61.72 and a 1-year high of $86.10. The firm's 50 day moving average is $73.10 and its 200-day moving average is $71.06.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed 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 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

About NextEra Energy

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.