AQR Capital Management LLC Sells 433,586 Shares of NextEra Energy, Inc. (NYSE:NEE)

AQR Capital Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 46.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 503,576 shares of the utilities provider’s stock after selling 433,586 shares during the quarter. AQR Capital Management LLC’s holdings in NextEra Energy were worth $35,658,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Proffitt & Goodson Inc. grew its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. American Capital Advisory LLC increased its stake in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at $33,000. Finally, Neo Ivy Capital Management bought a new position in NextEra Energy during the fourth quarter worth $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $84.54 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $173.69 billion, a PE ratio of 23.04, a PEG ratio of 3.08 and a beta of 0.56. The stock’s 50 day moving average price is $79.62 and its 200-day moving average price is $73.29. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $85.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the prior year, the company earned $0.88 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio is 56.13%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred 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 owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. Barclays boosted their price objective on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Finally, Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.07.

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.