Amundi Decreases Stock Holdings in NextEra Energy, Inc. $NEE

Amundi reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,680,902 shares of the utilities provider’s stock after selling 1,520,088 shares during the period. Amundi owned 0.52% of NextEra Energy worth $776,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Vanguard Group Inc. grew its holdings in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after acquiring an additional 526,996 shares during the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy in the second quarter valued at about $2,375,545,000. Northern Trust Corp grew its holdings in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares during the period. Finally, GQG Partners LLC increased its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $83.29 on Friday. The company has a market cap of $173.46 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.86 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a 50-day moving average of $83.22 and a two-hundred day moving average of $76.10. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 72.29%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a research note on Monday. UBS Group reiterated a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Barclays set a $88.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Citigroup reaffirmed a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

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.