Quantbot Technologies LP Trims Position in NextEra Energy, Inc. $NEE

Key Points

• Quantbot Technologies LP reduced its stake in NextEra Energy by 68.7%, selling 83,510 shares and ending up with 38,129 shares valued at approximately $2.7 million.
• Insider trading activities included sales by EVP Robert Coffey and Treasurer James Michael May, decreasing their holdings by 22.03% and 7.30% respectively.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, translating to an annualized dividend of $2.27 and a yield of 3.0%.

Quantbot Technologies LP reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 68.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,129 shares of the utilities provider's stock after selling 83,510 shares during the period. Quantbot Technologies LP's holdings in NextEra Energy were worth $2,703,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cim LLC raised its stake in shares of NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Conning Inc. grew its holdings in NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after acquiring an additional 160 shares during the period. Premier Path Wealth Partners LLC raised its position in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after acquiring an additional 166 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock valued at $427,000 after acquiring an additional 168 shares during the period. Finally, S.A. Mason LLC lifted its holdings in NextEra Energy by 1.4% in the first quarter. S.A. Mason LLC now owns 12,052 shares of the utilities provider's stock valued at $854,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NEE traded up $0.1470 during midday trading on Friday, reaching $76.2270. 13,128,624 shares of the company's stock were exchanged, compared to its average volume of 8,816,513. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a market capitalization of $156.97 billion, a PE ratio of 26.65, a P/E/G ratio of 2.63 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business's 50-day moving average price is $73.04 and its 200 day moving average price is $70.80.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. As a group, 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 will be paid on Monday, September 15th. Shareholders 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 annualized dividend and a yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays increased 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. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.23.

Insiders Place Their Bets

In related news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. 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 company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

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.