Boston Partners Sells 5,254,838 Shares of NextEra Energy, Inc. $NEE

Boston Partners cut its position in NextEra Energy, Inc. (NYSE:NEE) by 99.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,001 shares of the utilities provider’s stock after selling 5,254,838 shares during the quarter. Boston Partners’ holdings in NextEra Energy were worth $3,193,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NEE. J.W. Cole Advisors Inc. boosted its holdings in NextEra Energy by 3.0% during the second quarter. J.W. Cole Advisors Inc. now owns 166,571 shares of the utilities provider’s stock valued at $11,563,000 after acquiring an additional 4,908 shares during the period. North Star Asset Management Inc. lifted its position in shares of NextEra Energy by 110.4% during the 2nd quarter. North Star Asset Management Inc. now owns 5,989 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 3,142 shares during the last quarter. Manchester Capital Management LLC boosted its stake in NextEra Energy by 2.4% during the 2nd quarter. Manchester Capital Management LLC now owns 10,516 shares of the utilities provider’s stock valued at $730,000 after purchasing an additional 244 shares during the period. SlateStone Wealth LLC grew its holdings in NextEra Energy by 1.2% in the 2nd quarter. SlateStone Wealth LLC now owns 152,715 shares of the utilities provider’s stock valued at $10,602,000 after buying an additional 1,783 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in NextEra Energy by 17.9% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 171,042 shares of the utilities provider’s stock valued at $11,874,000 after buying an additional 25,982 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NEE shares. UBS Group reiterated a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Barclays set a $88.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Evercore ISI reaffirmed an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.63.

Insider Activity

In related news, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 168,168 shares of company stock worth $13,917,670 in the last quarter. 0.20% of the stock is owned by company insiders.

NextEra Energy Trading Up 0.7%

NEE stock opened at $86.13 on Friday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $82.33 and its 200-day moving average is $75.82. The firm has a market cap of $179.36 billion, a P/E ratio of 27.43, a P/E/G ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

NextEra Energy Company 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.