AGP Franklin LLC Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• AGP Franklin LLC reduced its stake in NextEra Energy, Inc. by 23.9% in the first quarter, owning 30,146 shares worth approximately $2,040,000 after selling 9,452 shares.
• NextEra recently announced a quarterly dividend of $0.5665 per share, resulting in a total annual dividend of $2.27 with a yield of 3.15%.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, surpassing estimates of $1.01, despite having a revenue of $6.70 billion which fell short of expectations.

AGP Franklin LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,146 shares of the utilities provider's stock after selling 9,452 shares during the period. AGP Franklin LLC's holdings in NextEra Energy were worth $2,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after acquiring an additional 1,359,268 shares in the last quarter. Northern Trust Corp lifted its position in shares of NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NextEra Energy by 15.2% in the fourth 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 valued at $926,358,000 after acquiring an additional 1,707,933 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after acquiring an additional 2,499,011 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after acquiring an additional 2,517,369 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.2%

NYSE NEE traded down $0.12 during trading hours on Thursday, hitting $70.87. 3,790,626 shares of the company were exchanged, compared to its average volume of 12,140,658. The stock has a 50-day moving average price of $72.13 and a 200 day moving average price of $70.47. 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 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market cap of $145.94 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. reduced their target price on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven 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 currently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,361 shares of company stock worth $2,365,398 over the last 90 days. Company insiders own 0.20% of the company's stock.

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.