Woodline Partners LP Has $12.32 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• Woodline Partners LP increased its stake in NextEra Energy by 40.7%, acquiring 50,239 additional shares, bringing its total holdings to 173,735 shares valued at approximately $12.3 million.
• NextEra Energy has seen recent insider selling, with Treasurer James Michael May and EVP Michael Dunne both reducing their positions by 7.3% and 13.88%, respectively.
• NextEra Energy's latest earnings report showed an EPS of $1.05, beating analysts' expectations, though revenues of $6.70 billion fell short of estimates.

Woodline Partners LP increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,735 shares of the utilities provider's stock after buying an additional 50,239 shares during the period. Woodline Partners LP's holdings in NextEra Energy were worth $12,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Prostatis Group LLC raised its stake in shares of NextEra Energy by 46.1% during the first quarter. Prostatis Group LLC now owns 34,414 shares of the utilities provider's stock worth $2,440,000 after buying an additional 10,857 shares during the last quarter. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares during the last quarter. Empowered Funds LLC raised its stake in shares of NextEra Energy by 40.7% during the first quarter. Empowered Funds LLC now owns 64,098 shares of the utilities provider's stock worth $4,544,000 after buying an additional 18,532 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of NextEra Energy during the first quarter worth approximately $316,000. Finally, Great Lakes Advisors LLC raised its stake in shares of NextEra Energy by 0.8% during the first quarter. Great Lakes Advisors LLC now owns 686,887 shares of the utilities provider's stock worth $48,389,000 after buying an additional 5,355 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the company'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 transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company's 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 completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,677 shares of company stock worth $1,415,418 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. Melius initiated coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. HSBC lowered their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

NextEra Energy Stock Up 0.5%

Shares of NextEra Energy stock traded up $0.34 on Friday, hitting $71.66. The company had a trading volume of 9,343,417 shares, compared to its average volume of 9,308,457. The firm has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.47 and a beta of 0.65. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. 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 stock has a 50-day moving average of $73.10 and a 200-day moving average of $71.06.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business 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 $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.37%.

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.