Windward Capital Management Co. CA Sells 3,760 Shares of NextEra Energy, Inc. $NEE

Key Points

• Windward Capital Management Co. CA reduced its stake in NextEra Energy by 0.9% during the first quarter, now holding 438,576 shares worth approximately $31 million.
• Several institutional investors increased their positions in NextEra Energy, with 78.72% of the company's stock now owned by hedge funds and institutional investors.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, with a current dividend yield of 3.0%, reflecting a payout ratio of 79.37%.

Windward Capital Management Co. CA lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,576 shares of the utilities provider's stock after selling 3,760 shares during the period. NextEra Energy makes up approximately 2.7% of Windward Capital Management Co. CA's investment portfolio, making the stock its 11th largest position. Windward Capital Management Co. CA's holdings in NextEra Energy were worth $31,091,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Two Sigma Advisers LP bought a new stake in NextEra Energy during the fourth quarter valued at $240,269,000. Charles Schwab Investment Management Inc. boosted its position in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of NextEra Energy by 8,456.8% during the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction 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 completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $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 accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.8220 during mid-day trading on Tuesday, reaching $76.5420. The company's stock had a trading volume of 8,046,120 shares, compared to its average volume of 9,502,599. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a market capitalization of $157.62 billion, a P/E ratio of 26.76, a PEG ratio of 2.61 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm's fifty day moving average price is $72.90 and its two-hundred day moving average price is $70.68.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NEE shares. Morgan Stanley cut their price objective 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. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, 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.