Northwest & Ethical Investments L.P. Has $4.54 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Northwest & Ethical Investments L.P. reduced its holdings in NextEra Energy, decreasing their share ownership by 43.5% during the first quarter, leaving them with a total asset value of approximately $4.54 million.
• Analysts have mixed views on NextEra Energy, with seven maintaining a 'hold' rating and eight giving a 'buy' rating, while recent price targets range from $82.00 to $94.00.
• The company announced a quarterly dividend of $0.5665 per share, scheduled for payment on September 15th, which reflects an annual yield of 3.0%.

Northwest & Ethical Investments L.P. cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 43.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,979 shares of the utilities provider's stock after selling 49,304 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in NextEra Energy were worth $4,535,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Knuff & Co LLC boosted its stake in NextEra Energy by 12.1% in the first quarter. Knuff & Co LLC now owns 38,989 shares of the utilities provider's stock valued at $2,764,000 after buying an additional 4,199 shares in the last quarter. Somerset Group LLC boosted its stake in shares of NextEra Energy by 3.2% during the first quarter. Somerset Group LLC now owns 53,640 shares of the utilities provider's stock valued at $3,803,000 after purchasing an additional 1,640 shares in the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of NextEra Energy during the first quarter valued at about $50,686,000. Cresset Asset Management LLC boosted its stake in shares of NextEra Energy by 1.9% during the first quarter. Cresset Asset Management LLC now owns 292,627 shares of the utilities provider's stock valued at $20,744,000 after purchasing an additional 5,527 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP boosted its stake in shares of NextEra Energy by 13.4% during the first quarter. Schneider Downs Wealth Management Advisors LP now owns 4,192 shares of the utilities provider's stock valued at $297,000 after purchasing an additional 495 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEE. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. 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, UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $84.42.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 4.4%

Shares of NEE stock opened at $75.40 on Monday. The company has a market cap of $155.27 billion, a P/E ratio of 26.36, a PEG ratio of 2.60 and a beta of 0.63. The stock has a 50 day simple moving average of $72.75 and a two-hundred day simple moving average of $70.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Research analysts forecast 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 will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.02%.

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.

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