NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. has reduced its holdings in NextEra Energy, Inc. by 5.7%, now owning 121,329 shares worth approximately $8.60 million.
• NextEra Energy recently reported earnings of $1.05 per share, exceeding the consensus estimate, but fell short on revenue with $6.70 billion compared to expectations of $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, resulting in a dividend yield of 3.15%, with a payout ratio currently at 85.02%.

Phoenix Financial Ltd. lessened its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,329 shares of the utilities provider's stock after selling 7,268 shares during the period. Phoenix Financial Ltd.'s holdings in NextEra Energy were worth $8,604,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NEE. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $33,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the first quarter valued at approximately $35,000. Copia Wealth Management purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.4%

NEE traded up $0.26 during trading on Tuesday, hitting $71.60. 3,539,981 shares of the company's stock were exchanged, compared to its average volume of 12,207,104. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a 50 day moving average price of $72.19 and a 200 day moving average price of $70.46. The firm has a market cap of $147.43 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.17%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Company 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.