Ninety One UK Ltd Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Ninety One UK Ltd lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,424,689 shares of the utilities provider's stock after selling 168,979 shares during the quarter. Ninety One UK Ltd owned approximately 0.12% of NextEra Energy worth $171,886,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of NextEra Energy by 88.0% during the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock worth $946,000 after acquiring an additional 6,177 shares in the last quarter. Andra AP fonden raised its stake in shares of NextEra Energy by 830.8% during the 4th quarter. Andra AP fonden now owns 12,100 shares of the utilities provider's stock worth $867,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of NextEra Energy by 9.6% during the 4th quarter. Larson Financial Group LLC now owns 12,479 shares of the utilities provider's stock worth $895,000 after acquiring an additional 1,090 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Morgan Stanley reduced their price objective on shares of 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 boosted their target price 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. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.29 during trading hours on Friday, hitting $74.35. The company's stock had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,073. The company has a 50 day moving average of $71.35 and a 200 day moving average of $70.24. The stock 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 company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. 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 released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company'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 sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

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.