NextEra Energy, Inc. $NEE Shares Sold by Rathbones Group PLC

Rathbones Group PLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 27.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 390,568 shares of the utilities provider’s stock after selling 148,130 shares during the quarter. Rathbones Group PLC’s holdings in NextEra Energy were worth $29,484,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy during the second quarter worth approximately $25,000. Howard Hughes Medical Institute acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $31,000. Abound Wealth Management raised its position in NextEra Energy by 108.2% in the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 237 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in NextEra Energy in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NEE shares. UBS Group increased their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a research note on Friday, February 20th. HSBC raised their price target on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Jefferies Financial Group set a $87.00 price target on NextEra Energy in a research report on Wednesday, January 14th. Two investment 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.16.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 159,049 shares of company stock worth $14,194,542. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.1%

NEE stock opened at $91.03 on Friday. The stock has a market capitalization of $189.66 billion, a PE ratio of 27.67 and a beta of 0.76. The company has a fifty day moving average of $87.27 and a 200-day moving average of $82.32. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is presently 75.68%.

NextEra Energy 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.