NextEra Energy, Inc. (NYSE:NEE) Shares Sold by AGF Management Ltd.

AGF Management Ltd. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 82.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,061 shares of the utilities provider’s stock after selling 957,408 shares during the quarter. AGF Management Ltd.’s holdings in NextEra Energy were worth $14,891,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of NextEra Energy by 5.4% during the 4th quarter. Townsquare Capital LLC now owns 49,185 shares of the utilities provider’s stock worth $3,526,000 after purchasing an additional 2,539 shares during the last quarter. Bragg Financial Advisors Inc lifted its position in shares of NextEra Energy by 15.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 80,489 shares of the utilities provider’s stock worth $5,770,000 after purchasing an additional 10,519 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its position in shares of NextEra Energy by 23.7% during the 4th quarter. Savvy Advisors Inc. now owns 12,010 shares of the utilities provider’s stock worth $861,000 after purchasing an additional 2,302 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

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 completion of the sale, the executive vice president directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

Shares of NEE opened at $72.50 on Tuesday. 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 stock has a market cap of $149.31 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a fifty day moving average price of $72.61 and a 200 day moving average price of $70.57.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating 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 business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. UBS Group decreased 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 report on Friday, May 23rd. Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. BMO Capital Markets lifted 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. Finally, HSBC decreased 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.42.

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.