NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,312 shares of the utilities provider's stock after selling 3,770 shares during the quarter. Ninety One SA PTY Ltd's holdings in NextEra Energy were worth $380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $33,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $36,000. Mascoma Wealth Management LLC raised its position 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 worth $46,000 after acquiring an additional 188 shares in the last quarter. Finally, Graney & King LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $46,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their target price 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. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets decreased their target price 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. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.55.

NextEra Energy Stock Performance

NEE traded up $0.71 on Wednesday, hitting $73.17. 1,527,646 shares of the company traded hands, compared to its average volume of 11,081,475. The company has a 50 day moving average of $70.90 and a 200-day moving average of $70.19. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $150.63 billion, a PE ratio of 27.38, a PEG ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the company'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 in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

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.