NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Rathbones Group PLC

Key Points

• Rathbones Group PLC increased its stock position in NextEra Energy by 11.6%, owning a total of 709,752 shares valued at approximately $50.31 million by the end of the first quarter.
• Insider sales at NextEra Energy occurred recently, with Treasurer James Michael May selling 2,177 shares and EVP Robert Coffey selling 7,500 shares, leading to decreases in their respective ownership stakes.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 3.1%, with the payment scheduled for September 15th.

Rathbones Group PLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,752 shares of the utilities provider's stock after acquiring an additional 73,964 shares during the period. Rathbones Group PLC's holdings in NextEra Energy were worth $50,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $30,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the 1st quarter worth approximately $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC lifted its stake 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 worth $37,000 after purchasing an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley dropped their target price on 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 increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Stock Performance

NextEra Energy stock traded up $3.16 during mid-day trading on Friday, reaching $75.40. The company's stock had a trading volume of 23,395,908 shares, compared to its average volume of 11,932,042. The firm has a market cap of $155.27 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The business has a 50 day moving average price of $72.69 and a 200-day moving average price of $70.58. 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 (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company 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%. NextEra Energy's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid 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 dividend payout ratio (DPR) is presently 79.37%.

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.