Voleon Capital Management LP Has $1.55 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• Voleon Capital Management LP reduced its stake in NextEra Energy by 47.3%, selling 19,609 shares and bringing its total holdings down to 21,845 shares valued at approximately $1,549,000.
• NextEra Energy recently announced a **quarterly dividend** of $0.5665 per share, which is set to be paid on September 15th and represents a dividend yield of 3.2%.
• Despite mixed analyst recommendations, with different price targets and ratings from various brokerages, the consensus rating for NextEra Energy remains a **"Moderate Buy"** with an average target price of **$84.00**.

Voleon Capital Management LP cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 47.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,845 shares of the utilities provider's stock after selling 19,609 shares during the period. Voleon Capital Management LP's holdings in NextEra Energy were worth $1,549,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Somerset Trust Co boosted its stake in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 4,445 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth approximately $783,000. Viking Fund Management LLC lifted its stake in shares of NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after acquiring an additional 200,000 shares during the period. Trust Co. of Vermont lifted its stake in shares of NextEra Energy by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after acquiring an additional 8,472 shares during the period. Finally, Tema Etfs LLC lifted its stake in shares of NextEra Energy by 835.9% in the 1st quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock worth $3,604,000 after acquiring an additional 45,407 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,677 shares of company stock valued at $1,415,418 over the last ninety days. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 0.5%

NEE traded up $0.34 on Friday, reaching $71.66. 9,343,417 shares of the company traded hands, compared to its average volume of 9,308,457. The stock's 50 day moving average price is $73.10 and its 200-day moving average price is $71.07. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a market cap of $147.57 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.47 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. Melius assumed coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Finally, 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. One equities 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

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.