Ninety One UK Ltd Sells 25,010 Shares of NextEra Energy, Inc. $NEE

Ninety One UK Ltd trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,399,679 shares of the utilities provider’s stock after selling 25,010 shares during the quarter. Ninety One UK Ltd’s holdings in NextEra Energy were worth $166,586,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth $35,000. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after buying an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of 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 buying an additional 366 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NEE. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.08.

NextEra Energy Price Performance

Shares of NEE opened at $75.50 on Wednesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The business has a 50-day simple moving average of $72.59 and a two-hundred day simple moving average of $71.12. 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 stock has a market cap of $155.48 billion, a PE ratio of 26.40, a PEG ratio of 2.62 and a beta of 0.65.

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

NextEra Energy Announces Dividend

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

Insider Buying and Selling

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated 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 approximately $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 SEC, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were 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. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,369 shares of company stock worth $1,539,610. Corporate insiders own 0.18% of the company’s stock.

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.