Keybank Cuts NextEra Q3 Stake by 2.7%, Execs Net $13.1M in Stock Sales
Keybank National Association OH reduced its Q3 stake in NextEra Energy by 2.7%, selling 40,231 shares and retaining 1.424 million shares worth $107.5 million. CEO Armando Pimentel Jr. sold 145,140 shares at $83.91 for $12.18 million and EVP Ronald Reagan sold 10,826 shares at $85.00 for $0.92 million.
1. KeyBank National Association Reduces NextEra Energy Position
In the third quarter, KeyBank National Association OH trimmed its holding in NextEra Energy by 2.7%, disposing of 40,231 shares and ending the period with 1,424,130 shares. The stake, representing approximately 0.07% of NextEra Energy’s outstanding shares, was valued at $107.5 million at the end of the quarter, according to the firm’s latest 13F filing with the Securities and Exchange Commission.
2. Broader Institutional Ownership Shifts
Other institutional investors also adjusted their exposure to the utilities provider during the period. Activest Wealth Management increased its stake by 79.7%, adding 157 shares to reach 354 shares. Quaker Wealth Management boosted its position by 200.0%, acquiring an additional 772 shares for a total holding of 386 shares. New entrants including Harbor Asset Planning, Goodman Advisory Group and Tripletail Wealth Management each established positions of roughly 300 shares. Combined, hedge funds and other institutions now own 78.72% of NextEra Energy’s stock.
3. Insider Sales Impact Executive Ownership
Chief Executive Officer Armando Pimentel, Jr. reduced his stake by selling 145,140 shares in mid-November, generating proceeds of approximately $12.18 million and lowering his direct ownership to 162,693 shares. Executive Vice President Ronald R. Reagan followed in January with a sale of 10,826 shares, raising about $0.92 million and cutting his holding to 15,643 shares. Insider ownership now stands at 0.20% of outstanding shares, reflecting a combined reduction of nearly half in these two executive stakes.
4. Analyst Ratings, Price Targets and Earnings Trends
Equity research teams remain broadly positive on NextEra Energy. Two analysts assign a Strong Buy rating, thirteen issue Buy recommendations and four maintain Hold, yielding a consensus Moderate Buy. The average price target is $92.67. Over recent months, HSBC and UBS Group raised targets slightly, while Morgan Stanley, Weiss Ratings and BTIG Research upheld Buy assessments. For the latest quarter, NextEra Energy reported earnings per share of $0.54, beating consensus by $0.01, and revenues of $6.56 billion, up 20.7% year-over-year. Analysts expect full-year EPS to reach 3.68, driven by growth in renewable generation and regulated utility operations.