First Foundation Advisors Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• First Foundation Advisors has reduced its stake in NextEra Energy, Inc. by 16.9%, now owning 80,459 shares, valued at approximately $5.7 million.
• NextEra Energy recently declared a quarterly dividend of $0.5665, translating to an annualized dividend yield of 3.18%, demonstrating a payout ratio of 79.37%.
• The company reported earnings of $1.05 per share for the recent quarter, exceeding analyst expectations, although its revenue fell short of estimates at $6.70 billion.

First Foundation Advisors cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,459 shares of the utilities provider's stock after selling 16,308 shares during the quarter. First Foundation Advisors' holdings in NextEra Energy were worth $5,704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NEE. Two Sigma Advisers LP acquired a new stake in shares of NextEra Energy in the 4th quarter worth $240,269,000. GAMMA Investing LLC lifted its position 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 acquiring an additional 2,429,804 shares during the period. Northern Trust Corp lifted its position in 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 acquiring an additional 2,030,331 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in NextEra Energy during the 4th quarter worth about $124,106,000. Finally, APG Asset Management N.V. lifted its position in NextEra Energy by 361.4% during the 4th quarter. APG Asset Management N.V. now owns 2,188,967 shares of the utilities provider's stock worth $151,547,000 after acquiring an additional 1,714,575 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was 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 in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president owned 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 33,361 shares of company stock valued at $2,365,398. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NYSE NEE traded up $0.62 during trading hours on Tuesday, reaching $71.96. The company's stock had a trading volume of 7,585,984 shares, compared to its average volume of 10,389,966. The firm has a market capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.46 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year 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 company's 50-day moving average is $72.14 and its two-hundred day moving average is $70.47.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. NextEra Energy's quarterly revenue 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, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. NextEra Energy's payout ratio is 79.37%.

Analysts Set New Price Targets

A number of brokerages have commented on NEE. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their price target 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. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. HSBC lowered 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, Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.42.

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.