KeyBank Cuts NextEra Energy Stake by 2.7%, Selling 40,231 Shares
Keybank National Association OH cut its NextEra Energy stake by 2.7% in the third quarter, selling 40,231 shares to hold 1,424,130 shares. At quarter-end the stake represented roughly 0.07% of the company, valued at $107.5 million, as overall institutional ownership stands at 78.72%.
1. Institutional Stake Adjustment
In the third quarter, KeyBank National Association OH reduced its position in NextEra Energy by 2.7%, selling 40,231 shares and ending the period with 1,424,130 shares, representing approximately 0.07% of the company’s outstanding stock and a reported value of $107.5 million. Other institutional moves included Activest Wealth Management increasing its holding by 79.7% to 354 shares, and Quaker Wealth Management boosting its stake by 200% to 386 shares. Overall, hedge funds and institutional investors collectively own 78.72% of NextEra Energy’s shares, underscoring continued professional interest in the company’s regulated utility and renewables platform.
2. Analyst Ratings Overview
Equity research coverage remains broadly positive, with two firms assigning Strong Buy ratings, thirteen issuing Buy recommendations and four assigning Hold ratings. The consensus analyst view is a Moderate Buy. Recent analyst commentary has emphasized the company’s growth in renewable generation, utility rate base expansion in Florida and resilience of regulated earnings, factors viewed as supportive of continued upward revisions to earnings forecasts.
3. Insider Transactions
Chief Executive Officer Armando Pimentel Jr. sold 145,140 shares for total proceeds of $12.18 million, reducing his personal stake by 47.15%. Executive Vice President Ronald R. Reagan divested 10,826 shares for $920,210, trimming his position by 40.90%. These insider sales, disclosed in SEC filings, now leave insiders with a combined ownership of 0.20% of outstanding shares, a level consistent with historical trends for the company.
4. Recent Operating Results and Outlook
NextEra Energy reported quarterly earnings per share of $0.54, beating consensus estimates by $0.01, and revenue of $6.56 billion, up 20.7% year-over-year but below the consensus of $7.07 billion. The utilities provider delivered a net margin of 24.93% and a return on equity of 12.18%. Management projects full-year earnings of approximately 3.68 per share and continues to target mid-single-digit annual EPS growth driven by rate case approvals, renewable project commissioning and energy storage additions.