NextEra Energy, Inc. (NYSE:NEE) Shares Sold by ING Groep NV

ING Groep NV cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 58.5% in the 1st quarter, HoldingsChannel reports. The fund owned 243,681 shares of the utilities provider’s stock after selling 343,965 shares during the period. ING Groep NV’s holdings in NextEra Energy were worth $17,275,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEE. Two Sigma Advisers LP acquired a new position in NextEra Energy in the 4th quarter valued at $240,269,000. GAMMA Investing LLC grew its stake in shares of NextEra Energy by 8,456.8% during the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider’s stock valued at $174,286,000 after buying an additional 2,429,804 shares during the period. Northern Trust Corp grew its stake in shares of 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 buying an additional 2,030,331 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $124,106,000. Finally, APG Asset Management N.V. grew its stake in shares of NextEra Energy by 361.4% during the 4th quarter. APG Asset Management N.V. now owns 2,188,967 shares of the utilities provider’s stock valued at $151,547,000 after buying an additional 1,714,575 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NEE shares. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Wells Fargo & Company lowered their price objective 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. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. HSBC lowered 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 note on Friday, July 11th. Finally, Morgan Stanley decreased 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.42.

NextEra Energy Stock Performance

Shares of NEE stock opened at $70.56 on Tuesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. 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 firm has a market capitalization of $145.30 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.42 and a beta of 0.63. The company’s fifty day moving average price is $72.32 and its two-hundred day moving average price is $70.52.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy’s payout ratio is currently 79.37%.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock worth $2,365,398 in the last quarter. 0.18% of the stock is owned by corporate insiders.

NextEra Energy 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.