DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of NextEra Energy Inc (NYSE:NEE) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 793,173 shares of the company’s stock, valued at approximately $94,753,000.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Fund Advisors increased its stake in shares of NextEra Energy by 3.2% in the third quarter. BlackRock Fund Advisors now owns 10,473,082 shares of the company’s stock valued at $1,281,067,000 after buying an additional 325,695 shares during the period. Northern Trust Corp increased its stake in shares of NextEra Energy by 0.9% in the third quarter. Northern Trust Corp now owns 6,276,150 shares of the company’s stock valued at $767,699,000 after buying an additional 58,069 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of NextEra Energy by 12.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,200,086 shares of the company’s stock valued at $636,075,000 after buying an additional 562,213 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of NextEra Energy by 6.6% in the third quarter. Bahl & Gaynor Inc. now owns 1,807,223 shares of the company’s stock valued at $221,060,000 after buying an additional 111,560 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in shares of NextEra Energy by 10.0% in the third quarter. Commonwealth Bank of Australia now owns 1,729,269 shares of the company’s stock valued at $211,524,000 after buying an additional 157,316 shares during the period. 73.69% of the stock is currently owned by institutional investors.
Shares of NextEra Energy Inc (NYSE:NEE) opened at 129.89 on Tuesday. The stock has a market capitalization of $60.73 billion, a price-to-earnings ratio of 20.78 and a beta of 0.23. NextEra Energy Inc has a 12-month low of $110.49 and a 12-month high of $132.62. The company has a 50-day moving average of $127.55 and a 200 day moving average of $122.26.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 27th. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.10. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm had revenue of $3.70 billion for the quarter. During the same period last year, the firm earned $1.17 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. Analysts predict that NextEra Energy Inc will post $6.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 3.03%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, February 24th. NextEra Energy’s payout ratio is presently 56.04%.
Several analysts recently commented on NEE shares. Deutsche Bank AG raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Royal Bank of Canada reissued a “buy” rating and set a $143.00 price objective on shares of NextEra Energy in a research report on Tuesday, February 7th. Mizuho increased their price objective on shares of NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 7th. Finally, Barclays PLC restated a “buy” rating and set a $139.00 target price on shares of NextEra Energy in a research note on Sunday, February 19th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $134.27.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $122.60, for a total transaction of $3,678,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Swanson purchased 3,860 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were purchased at an average price of $128.86 per share, with a total value of $497,399.60. Following the completion of the transaction, the director now directly owns 25,180 shares of the company’s stock, valued at approximately $3,244,694.80. The disclosure for this purchase can be found here. Insiders have sold 58,132 shares of company stock valued at $7,360,958 over the last quarter. 0.66% of the stock is owned by company insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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