Northwestern Mutual Wealth Management Co. Decreases Stake in NextEra Energy Inc (NYSE:NEE)

Northwestern Mutual Wealth Management Co. lessened its stake in NextEra Energy Inc (NYSE:NEE) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,331 shares of the utilities provider’s stock after selling 835 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in NextEra Energy were worth $5,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC boosted its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Savant Capital LLC now owns 8,211 shares of the utilities provider’s stock valued at $1,988,000 after buying an additional 39 shares during the period. Western Wealth Management LLC raised its position in shares of NextEra Energy by 1.1% during the 4th quarter. Western Wealth Management LLC now owns 3,690 shares of the utilities provider’s stock worth $894,000 after acquiring an additional 39 shares in the last quarter. Cohen Lawrence B raised its position in shares of NextEra Energy by 1.6% during the 4th quarter. Cohen Lawrence B now owns 2,498 shares of the utilities provider’s stock worth $605,000 after acquiring an additional 40 shares in the last quarter. Blue Fin Capital Inc. raised its position in shares of NextEra Energy by 0.4% during the 1st quarter. Blue Fin Capital Inc. now owns 9,612 shares of the utilities provider’s stock worth $2,312,000 after acquiring an additional 41 shares in the last quarter. Finally, Grove Bank & Trust raised its position in shares of NextEra Energy by 0.7% during the 4th quarter. Grove Bank & Trust now owns 5,771 shares of the utilities provider’s stock worth $1,397,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.

NEE has been the topic of several research analyst reports. Credit Suisse Group cut their target price on NextEra Energy from $256.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Vertical Research initiated coverage on NextEra Energy in a research report on Monday, February 24th. They set a “sell” rating on the stock. Barclays cut their target price on NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 26th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $282.00 target price on the stock. in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut their target price on NextEra Energy from $246.00 to $237.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $251.07.

NEE opened at $233.85 on Friday. The firm has a market cap of $112.04 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 3.27 and a beta of 0.20. NextEra Energy Inc has a 52 week low of $174.80 and a 52 week high of $283.35. The business’s 50 day moving average is $233.66 and its two-hundred day moving average is $242.06. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 1.01.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.26 by $0.12. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.88 billion. NextEra Energy had a return on equity of 10.38% and a net margin of 17.77%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. Equities analysts expect that NextEra Energy Inc will post 9.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, June 1st. NextEra Energy’s payout ratio is currently 66.91%.

In other news, EVP Joseph T. Kelliher sold 14,330 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $248.15, for a total value of $3,555,989.50. Following the transaction, the executive vice president now owns 38,213 shares of the company’s stock, valued at $9,482,555.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $220.20, for a total value of $352,320.00. Following the completion of the transaction, the director now directly owns 14,746 shares in the company, valued at approximately $3,247,069.20. The disclosure for this sale can be found here. In the last three months, insiders sold 90,639 shares of company stock worth $20,863,319. Corporate insiders own 0.40% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Hedge Funds Explained

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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