Assenagon Asset Management S.A. Sells 110,276 Shares of NextEra Energy, Inc. (NYSE:NEE)

Assenagon Asset Management S.A. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 974,726 shares of the utilities provider's stock after selling 110,276 shares during the period. Assenagon Asset Management S.A.'s holdings in NextEra Energy were worth $69,098,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the 4th quarter valued at about $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. UBS Group decreased their price target 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. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.82 during trading hours on Thursday, reaching $73.82. The stock had a trading volume of 11,022,182 shares, compared to its average volume of 11,051,898. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a 50 day simple moving average of $68.61 and a 200 day simple moving average of $70.55. 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 $151.97 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

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.