RWA Wealth Partners LLC Trims Stock Position in NextEra Energy, Inc. $NEE

Key Points

• RWA Wealth Partners LLC has reduced its stake in NextEra Energy, Inc. by 7.1%, selling 34,790 shares in the first quarter, leaving them with 458,617 shares valued at approximately $32.5 million.
• Other institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their holdings in NextEra Energy, indicating strong interest in the stock.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, with a 3.0% dividend yield and a payout ratio of 79.02%.

RWA Wealth Partners LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 458,617 shares of the utilities provider's stock after selling 34,790 shares during the period. RWA Wealth Partners LLC's holdings in NextEra Energy were worth $32,511,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. Northern Trust Corp boosted its stake in NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after buying an additional 262,819 shares during the period. Goldman Sachs Group Inc. boosted its stake in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after buying an additional 1,336,259 shares during the period. GQG Partners LLC boosted its stake in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $75.40 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company's 50-day moving average price is $72.75 and its two-hundred day moving average price is $70.61. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market cap of $155.27 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 3.0%. NextEra Energy's payout ratio is currently 79.02%.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. Barclays raised 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. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. BMO Capital Markets lifted 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. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $84.42.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy 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 transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

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.

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