Commerzbank Aktiengesellschaft FI Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Commerzbank Aktiengesellschaft FI increased its position in NextEra Energy, Inc. (NYSE:NEE) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,850 shares of the utilities provider’s stock after purchasing an additional 566 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in NextEra Energy were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. CarsonAllaria Wealth Management Ltd. increased its stake in shares of NextEra Energy by 13.9% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 3,762 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 459 shares in the last quarter. Focus Financial Network Inc. raised its position in shares of NextEra Energy by 7.6% in the 2nd quarter. Focus Financial Network Inc. now owns 8,014 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 569 shares during the last quarter. Liberty One Investment Management LLC raised its position in shares of NextEra Energy by 16.2% in the 2nd quarter. Liberty One Investment Management LLC now owns 68,668 shares of the utilities provider’s stock worth $4,862,000 after purchasing an additional 9,561 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of NextEra Energy in the 2nd quarter worth about $1,095,000. Finally, LongView Wealth Management purchased a new position in shares of NextEra Energy in the 2nd quarter worth about $300,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s 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 sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NEE shares. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley upped their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Barclays upped their price objective on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Finally, Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.71.

NextEra Energy Trading Up 0.9 %

NextEra Energy stock traded up $0.72 during mid-day trading on Wednesday, hitting $79.70. The company’s stock had a trading volume of 3,933,922 shares, compared to its average volume of 11,284,127. The company has a 50 day moving average of $74.16 and a 200-day moving average of $68.34. The stock has a market cap of $163.75 billion, a PE ratio of 21.65, a P/E/G ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS 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 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 period last year, the company posted $0.88 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.58%. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.