Commerzbank Aktiengesellschaft FI boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,176 shares of the utilities provider’s stock after buying an additional 5,300 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in NextEra Energy were worth $38,446,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Bank of New York Mellon Corp lifted its stake in NextEra Energy by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock worth $698,348,000 after purchasing an additional 455,401 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of NextEra Energy by 1.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock valued at $503,883,000 after acquiring an additional 53,173 shares during the last quarter. Legal & General Group Plc grew its holdings in NextEra Energy by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock worth $466,332,000 after acquiring an additional 57,093 shares during the period. Standard Life Aberdeen plc grew its stake in shares of NextEra Energy by 18.9% in the 2nd quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock valued at $345,352,000 after buying an additional 329,056 shares during the period. Finally, Swiss National Bank grew its stake in shares of NextEra Energy by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,939,324 shares of the utilities provider’s stock valued at $323,925,000 after buying an additional 50,300 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
NEE has been the subject of several research reports. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Morgan Stanley dropped their price target on shares of NextEra Energy from $172.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 13th. Barclays assumed coverage on shares of NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target on the stock. KeyCorp lifted their target price on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, July 19th. Finally, Howard Weil assumed coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $168.38.
NYSE NEE opened at $174.60 on Friday. NextEra Energy Inc has a 52-week low of $144.70 and a 52-week high of $175.65. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. The firm has a market cap of $81.35 billion, a PE ratio of 24.13, a P/E/G ratio of 2.65 and a beta of 0.18.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. equities analysts expect that NextEra Energy Inc will post 7.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, August 29th. NextEra Energy’s dividend payout ratio is presently 66.27%.
In other news, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the completion of the transaction, the chief executive officer now directly owns 42,898 shares of the company’s stock, valued at $7,374,595.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total transaction of $3,072,420.00. The disclosure for this sale can be found here. Insiders sold 45,734 shares of company stock valued at $7,830,189 over the last three months. 0.55% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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