Ninety One SA PTY Ltd Sells 3,770 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ninety One SA PTY Ltd reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Planning Directions Inc. raised its stake in NextEra Energy by 72.3% in the 1st quarter. Planning Directions Inc. now owns 5,768 shares of the utilities provider's stock valued at $409,000 after purchasing an additional 2,420 shares during the last quarter. Capital Management Associates Inc purchased a new position in shares of NextEra Energy in the 1st quarter valued at $374,000. Interchange Capital Partners LLC boosted its position in shares of NextEra Energy by 3.0% in the first quarter. Interchange Capital Partners LLC now owns 17,824 shares of the utilities provider's stock worth $1,264,000 after buying an additional 516 shares during the period. Financial Counselors Inc. grew its position in NextEra Energy by 86.7% in the first quarter. Financial Counselors Inc. now owns 207,029 shares of the utilities provider's stock valued at $14,676,000 after acquiring an additional 96,164 shares in the last quarter. Finally, YANKCOM Partnership lifted its holdings in NextEra Energy by 129.1% in the 1st quarter. YANKCOM Partnership now owns 11,095 shares of the utilities provider's stock worth $787,000 after buying an additional 6,252 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

NextEra Energy Stock Down 0.4%

NYSE:NEE traded down $0.29 on Friday, hitting $74.35. 8,094,042 shares of the company's stock traded hands, compared to its average volume of 11,113,073. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a market cap of $153.06 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The firm has a 50-day moving average price of $71.35 and a 200-day moving average price of $70.24. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year 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 for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted $0.91 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

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.