Ninety One North America Inc. Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ninety One North America Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 316,294 shares of the utilities provider's stock after selling 25,529 shares during the period. NextEra Energy comprises 1.5% of Ninety One North America Inc.'s investment portfolio, making the stock its 27th largest holding. Ninety One North America Inc.'s holdings in NextEra Energy were worth $22,422,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $36,000. Mascoma Wealth Management LLC raised its holdings in shares of NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after buying an additional 188 shares in the last quarter. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $46,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Down 3.0%

Shares of NEE stock traded down $2.25 during mid-day trading on Tuesday, hitting $72.50. 19,550,562 shares of the stock traded hands, compared to its average volume of 11,118,422. The stock has a market cap of $149.25 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.63 and a beta of 0.67. The stock's fifty day moving average is $70.79 and its two-hundred day moving average is $70.17. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.13%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays lowered their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley cut their target price 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. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $84.55.

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.