NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 348,797 shares of the utilities provider’s stock after selling 16,922 shares during the quarter. NextEra Energy comprises 1.2% of Lombard Odier Asset Management Europe Ltd’s investment portfolio, making the stock its 15th biggest position. Lombard Odier Asset Management Europe Ltd’s holdings in NextEra Energy were worth $24,698,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in NextEra Energy by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock worth $579,097,000 after purchasing an additional 691,341 shares during the period. Nordea Investment Management AB increased its stake in NextEra Energy by 22.3% during the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after acquiring an additional 1,268,900 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of NextEra Energy by 10.5% during the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after purchasing an additional 629,032 shares during the period. Principal Financial Group Inc. increased its position in shares of NextEra Energy by 7.2% during the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after purchasing an additional 409,708 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in NextEra Energy by 6.9% in the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after buying an additional 388,149 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEE. BMO Capital Markets upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday. They set a “hold” rating and a $87.00 price target on the stock. Bank of America boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.87.

NextEra Energy Stock Performance

Shares of NEE stock opened at $82.76 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $78.33 and a 200-day simple moving average of $72.45. The company has a market cap of $170.03 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $85.56.

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

NextEra Energy Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.