NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. reduced its holdings in NextEra Energy, Inc. by 32.8% in Q1, owning 615,484 shares valued at approximately $43.63 million.
• Several investors made changes to their positions, with institutional investors collectively owning 78.72% of the company's stock.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, representing a 3.2% yield and a dividend payout ratio of 79.02%.

Jupiter Asset Management Ltd. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,484 shares of the utilities provider's stock after selling 300,360 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in NextEra Energy were worth $43,632,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NEE. Brighton Jones LLC lifted its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after buying an additional 298 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $874,000. Bryce Point Capital LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $500,000. Finally, Cinctive Capital Management LP acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $787,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. UBS Group lowered their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. lowered their target price on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Trading Down 0.9%

Shares of NEE opened at $70.41 on Friday. The company has a market capitalization of $144.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.45 and a beta of 0.63. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a 50-day moving average price of $72.26 and a 200 day moving average price of $70.52.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.96 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,361 shares of company stock worth $2,365,398. 0.20% of the stock is currently owned by corporate insiders.

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.

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