NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group Inc. RI increased its holdings in NextEra Energy by 2.1% during the first quarter, resulting in ownership of 201,847 shares valued at approximately $14.31 million.
• NextEra Energy reported $1.05 earnings per share for the most recent quarter, exceeding analysts' expectations of $1.01, while revenue was $6.70 billion, below the expected $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 3.2%, set to be paid on September 15th, with a payout ratio of 79.37%.

Citizens Financial Group Inc. RI grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,847 shares of the utilities provider's stock after acquiring an additional 4,209 shares during the quarter. Citizens Financial Group Inc. RI's holdings in NextEra Energy were worth $14,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Northern Trust Corp raised its position in shares of NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after purchasing an additional 1,336,259 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NextEra Energy by 15.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock worth $926,358,000 after purchasing an additional 1,707,933 shares during the period. Finally, Cohen & Steers Inc. raised its position in shares of NextEra Energy by 1.0% during the 4th quarter. Cohen & Steers Inc. now owns 5,262,515 shares of the utilities provider's stock worth $377,270,000 after purchasing an additional 53,759 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. HSBC reduced their price objective 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. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Finally, UBS Group reduced their price objective 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.16 during mid-day trading on Friday, reaching $72.42. 5,575,056 shares of the company traded hands, compared to its average volume of 8,816,330. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market cap of $149.13 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The stock has a fifty day simple moving average of $72.56 and a 200-day simple moving average of $70.55.

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, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.1%. NextEra Energy's dividend payout ratio is currently 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.