1832 Asset Management L.P. Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

1832 Asset Management L.P. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,568,302 shares of the utilities provider’s stock after selling 129,895 shares during the period. 1832 Asset Management L.P.’s holdings in NextEra Energy were worth $394,291,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares in the last quarter. Camden National Bank grew its holdings in NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after buying an additional 14,477 shares in the last quarter. Ancora Advisors LLC grew its holdings in NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after buying an additional 7,677 shares in the last quarter. TrinityPoint Wealth LLC grew its holdings in NextEra Energy by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after buying an additional 507 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.6 %

Shares of NEE opened at $82.76 on Friday. The company has a market cap of $170.03 billion, a PE ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56. The business has a fifty day moving average of $78.33 and a 200 day moving average of $72.34. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period last year, the company earned $0.88 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Scotiabank increased their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Barclays increased their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. Finally, Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.87.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

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.