Resolution Capital Ltd Sells 9,512 Shares of NextEra Energy, Inc. $NEE

Key Points

• Resolution Capital Ltd has reduced its stake in NextEra Energy, Inc. by 30.9%, now holding 21,281 shares valued at $1,509,000 after selling 9,512 shares.
• NextEra Energy reported a quarterly earnings per share of $1.05, exceeding analysts' estimates of $1.01, despite revenue falling short of expectations.
• The company announced a quarterly dividend of $0.5665 per share, which translates to an annualized dividend yield of 3.2%.

Resolution Capital Ltd cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,281 shares of the utilities provider's stock after selling 9,512 shares during the quarter. Resolution Capital Ltd's holdings in NextEra Energy were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Rise Advisors LLC lifted its position in NextEra Energy by 178.7% during the first quarter. Rise Advisors LLC now owns 1,984 shares of the utilities provider's stock valued at $141,000 after purchasing an additional 1,272 shares during the last quarter. Plancorp LLC lifted its position in NextEra Energy by 1.4% during the first quarter. Plancorp LLC now owns 16,154 shares of the utilities provider's stock valued at $1,145,000 after purchasing an additional 218 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in NextEra Energy by 1.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 252,944 shares of the utilities provider's stock worth $17,931,000 after buying an additional 3,512 shares in the last quarter. NewEdge Advisors LLC boosted its stake in NextEra Energy by 27.2% in the first quarter. NewEdge Advisors LLC now owns 427,094 shares of the utilities provider's stock worth $30,277,000 after buying an additional 91,360 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. boosted its stake in NextEra Energy by 16.9% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 16,570 shares of the utilities provider's stock worth $1,175,000 after buying an additional 2,390 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.0%

NYSE:NEE opened at $70.85 on Friday. The company has a fifty day moving average of $73.27 and a 200 day moving average of $71.05. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $145.90 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.44 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly 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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the business posted $0.96 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.02%.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on 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 directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on 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 transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $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. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Barclays boosted 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. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.