Mirova Reduces Stake in NextEra Energy, Inc. $NEE

Mirova lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 92.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,481 shares of the utilities provider’s stock after selling 43,533 shares during the quarter. Mirova’s holdings in NextEra Energy were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sax Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 0.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after buying an additional 118 shares in the last quarter. apricus wealth LLC grew its stake in NextEra Energy by 3.8% during the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 120 shares in the last quarter. Isthmus Partners LLC grew its stake in NextEra Energy by 1.9% during the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 120 shares in the last quarter. Fingerlakes Wealth Management Inc. increased its holdings in NextEra Energy by 0.8% during the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after acquiring an additional 124 shares during the period. Finally, Heritage Wealth Management Inc. lifted its stake in NextEra Energy by 1.0% in the 3rd quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 125 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,934 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the transaction, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NEE stock opened at $90.99 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91. The stock has a market cap of $189.59 billion, a PE ratio of 27.66 and a beta of 0.76. The firm has a 50 day simple moving average of $89.13 and a two-hundred day simple moving average of $83.29.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 75.68%.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. UBS Group increased their price objective on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. BMO Capital Markets set a $95.00 price objective on NextEra Energy in a research note on Thursday, January 29th. Finally, BTIG Research restated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.