18,800 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by SCP Investment LP

Key Points

• SCP Investment LP has invested approximately $1.33 million in NextEra Energy, acquiring 18,800 shares, which accounts for 1.1% of its total holdings.
• Insider activity shows that executive officers have sold significant amounts of stock, including 7,500 shares by EVP Robert Coffey valued at approximately $538,800, indicating a decrease in their ownership.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting an annualized dividend yield of 3.2%, with the ex-dividend date on August 28th.

SCP Investment LP bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,800 shares of the utilities provider's stock, valued at approximately $1,333,000. NextEra Energy makes up about 1.1% of SCP Investment LP's portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp raised its stake in shares of NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NextEra Energy by 15.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after acquiring an additional 1,707,933 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in NextEra Energy by 1.0% in the fourth quarter. Cohen & Steers Inc. now owns 5,262,515 shares of the utilities provider's stock valued at $377,270,000 after acquiring an additional 53,759 shares in the last quarter. FIL Ltd boosted its holdings in shares of NextEra Energy by 7.7% during the 4th quarter. FIL Ltd now owns 5,062,634 shares of the utilities provider's stock valued at $362,940,000 after buying an additional 362,997 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of NextEra Energy by 1.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,783,306 shares of the utilities provider's stock worth $339,089,000 after buying an additional 52,693 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity

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 transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The stock was 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 trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,361 shares of company stock worth $2,365,398 over the last three months. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $1.08 during trading on Tuesday, hitting $71.61. 1,616,190 shares of the stock were exchanged, compared to its average volume of 12,024,852. 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 $147.46 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The company has a fifty day moving average price of $72.32 and a 200-day moving average price of $70.52. 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 quarterly earnings data 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 during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed 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. 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 (DPR) is currently 79.02%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NEE shares. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.42.

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.