Trillium Asset Management LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.0% in the 1st quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Northern Trust Corp increased its stake in NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NextEra Energy by 15.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider’s stock valued at $926,358,000 after purchasing an additional 1,707,933 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on NEE. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, June 18th. Finally, Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.42.
Insider Buying and Selling at NextEra Energy
In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the 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 in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
NextEra Energy Price Performance
NEE stock opened at $72.50 on Tuesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a fifty day simple moving average of $72.61 and a two-hundred day simple moving average of $70.57. The firm has a market capitalization of $149.31 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its 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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. NextEra Energy’s dividend payout ratio is currently 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.
See Also
- Five stocks we like better than NextEra Energy
- Investing in Travel Stocks Benefits
- MNDY Stock Has a Case of the Mondays—Buy Before the Rebound
- What does consumer price index measure?
- IPO Market Stays Hot With These 2 Debuting Stocks
- 3 Tickers Leading a Meme Stock Revival
- Taiwan Semiconductor Stock: Own It, Don’t Trade It
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.