Commerzbank Aktiengesellschaft FI Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 275.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,214 shares of the utilities provider’s stock after acquiring an additional 24,364 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in NextEra Energy were worth $2,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. M&G Plc purchased a new position in NextEra Energy during the 1st quarter valued at approximately $303,065,000. Zimmer Partners LP grew its holdings in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after purchasing an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after purchasing an additional 2,250,500 shares in the last quarter. Raymond James & Associates increased its position in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. Finally, LGT Group Foundation lifted its position in NextEra Energy by 962.8% during the second quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after purchasing an additional 1,371,982 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.1 %

NextEra Energy stock opened at $84.64 on Wednesday. NextEra Energy, Inc. has a 52 week low of $53.11 and a 52 week high of $86.10. The stock has a 50-day moving average price of $82.05 and a 200 day moving average price of $75.89. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $173.90 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the prior year, the business earned $0.88 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NEE shares. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Finally, Barclays increased their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.46.

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.