APG Asset Management N.V. Has $85.90 Million Position in NextEra Energy, Inc. $NEE

APG Asset Management N.V. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 40.2% in the first quarter, Holdings Channel reports. The institutional investor owned 1,308,949 shares of the utilities provider’s stock after selling 880,018 shares during the period. APG Asset Management N.V.’s holdings in NextEra Energy were worth $85,902,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NEE. Bellwether Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $30,000. IMA Advisory Services Inc. bought a new position in NextEra Energy during the 1st quarter worth approximately $35,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC raised its holdings in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in NextEra Energy during the 1st quarter worth approximately $40,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $76.2270 on Friday. 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 company has a market capitalization of $156.97 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.62 and a beta of 0.63. The firm’s fifty day moving average price is $73.04 and its two-hundred day moving average price is $70.79. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s payout ratio is presently 79.37%.

Analysts Set New Price Targets

Several research firms have issued reports on NEE. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Finally, 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 report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $84.23.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’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 value of $538,800.00. Following the completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

NextEra Energy Company 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.