Premier Fund Managers Ltd Sells 12,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Premier Fund Managers Ltd reduced its holdings in NextEra Energy by 40% in the first quarter, bringing their total to 18,000 shares worth approximately $1,268,000.
• NextEra Energy reported $1.05 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, but fell short on revenue with $6.70 billion compared to expected $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, representing a 3.18% dividend yield, to be paid on September 15th.

Premier Fund Managers Ltd lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the utilities provider's stock after selling 12,000 shares during the period. Premier Fund Managers Ltd's holdings in NextEra Energy were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $30,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the 1st quarter valued at about $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter valued at about $36,000. CBIZ Investment Advisory Services LLC raised its position in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $40,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 0.7%

Shares of NYSE:NEE traded down $0.51 during trading on Friday, reaching $70.55. 4,407,909 shares of the company were exchanged, compared to its average volume of 12,120,212. The firm has a market capitalization of $145.28 billion, a PE ratio of 24.68, a P/E/G ratio of 2.44 and a beta of 0.67. The business's fifty day simple moving average is $72.21 and its 200-day simple moving average is $70.50. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred 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 transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,361 shares of company stock valued at $2,365,398. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group decreased 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. BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. 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. Finally, HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $84.42.

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.