Trillium Asset Management LLC Sells 7,415 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Trillium Asset Management LLC reduced its stake in NextEra Energy by 4.0%, selling 7,415 shares and holding 178,002 shares worth approximately $12.6 million as of the end of the most recent quarter.
• NextEra Energy announced a quarterly dividend of $0.5665, representing a 3.1% yield, with the payment date set for September 15th for investors of record on August 28th.
• Equities analysts have varying price targets for NextEra Energy, with a consensus rating of "Moderate Buy" and an average target price of $84.42, reflecting a mix of increases and decreases from major financial institutions.

Trillium Asset Management LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,002 shares of the utilities provider's stock after selling 7,415 shares during the quarter. Trillium Asset Management LLC's holdings in NextEra Energy were worth $12,619,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $30,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the 1st quarter worth $35,000. Copia Wealth Management purchased a new stake in NextEra Energy in the 4th quarter worth $36,000. CBIZ Investment Advisory Services LLC lifted its stake in NextEra Energy by 237.7% in 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 in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in NextEra Energy in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 4.4%

NEE stock traded up $3.16 during mid-day trading on Friday, reaching $75.40. The company had a trading volume of 23,396,505 shares, compared to its average volume of 8,521,072. 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 company has a market capitalization of $155.27 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. The firm has a 50 day moving average of $72.75 and a 200 day moving average of $70.61. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share 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 is currently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. 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 research note on Friday, May 23rd. BMO Capital Markets boosted their target price 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. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.42.

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.