Ninety One North America Inc. Sells 25,529 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ninety One North America Inc. lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 316,294 shares of the utilities provider's stock after selling 25,529 shares during the quarter. 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 large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in NextEra Energy in the 4th quarter worth about $3,484,197,000. Boston Partners bought a new stake in NextEra Energy in the 4th quarter worth approximately $244,169,000. Two Sigma Advisers LP bought a new stake in NextEra Energy in the 4th quarter worth approximately $240,269,000. California Public Employees Retirement System lifted its position in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after buying an additional 2,517,369 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after buying an additional 2,499,011 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 1.4%

Shares of NEE traded up $1.02 during mid-day trading on Thursday, hitting $74.67. 6,954,736 shares of the company's stock traded hands, compared to its average volume of 11,112,182. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a market capitalization of $153.73 billion, a P/E ratio of 27.97, a PEG ratio of 2.55 and a beta of 0.67. The business's 50-day moving average price is $71.03 and its 200-day moving average price is $70.21.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.03%. NextEra Energy's payout ratio is 85.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business'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 sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday. Wells Fargo & Company lowered their price objective 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. Morgan Stanley lowered their price objective 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. Finally, BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.73.

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.