NextEra Energy, Inc. $NEE Stock Position Decreased by CSM Advisors LLC

Key Points

• CSM Advisors LLC cut its NextEra stake by 52% in Q3, selling 26,708 shares and ending the quarter with 24,635 shares worth about $1.86 million.
• Insiders have been net sellers: executives Nicole Daggs and Charles Sieving disclosed recent sales, and insiders sold 190,816 shares totaling roughly $17.08 million over the past three months.
• Analysts are generally positive on NEE with an average rating of "Moderate Buy" and a consensus price target of $94.16, including Goldman Sachs raising its target to $98.

CSM Advisors LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 52.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,635 shares of the utilities provider's stock after selling 26,708 shares during the quarter. CSM Advisors LLC's holdings in NextEra Energy were worth $1,860,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider's stock valued at $16,139,726,000 after purchasing an additional 922,500 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $2,375,545,000. Legal & General Group Plc boosted its position in NextEra Energy by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider's stock valued at $1,267,265,000 after purchasing an additional 373,088 shares during the period. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider's stock valued at $1,165,896,000 after purchasing an additional 340,315 shares during the period. Finally, Amundi grew its stake in NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,934 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares of the company's stock, valued at approximately $1,572,165. This represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company's stock, valued at $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 190,816 shares of company stock worth $17,075,619 in the last three months. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Argus set a $92.00 target price on NextEra Energy and gave the stock a "buy" rating in a research report on Wednesday, January 28th. The Goldman Sachs Group boosted their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Wall Street Zen raised shares of NextEra Energy from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Wolfe Research boosted their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the company an "outperform" rating in a research note on Monday, December 1st. Finally, Erste Group Bank upgraded shares of NextEra Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.16.

NextEra Energy Trading Up 0.1%

NYSE:NEE opened at $92.87 on Tuesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.91. The stock has a market cap of $193.49 billion, a price-to-earnings ratio of 28.23 and a beta of 0.76. The business has a fifty day moving average of $88.65 and a 200-day moving average of $83.10. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company's revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.6232 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy's payout ratio is presently 75.68%.

NextEra Energy Company Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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