Commerzbank Aktiengesellschaft FI Raises Holdings in NextEra Energy Inc (NEE)

Commerzbank Aktiengesellschaft FI grew its position in NextEra Energy Inc (NYSE:NEE) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,549 shares of the utilities provider’s stock after purchasing an additional 16,560 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in NextEra Energy were worth $27,485,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of NextEra Energy by 2.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,755 shares of the utilities provider’s stock worth $4,718,000 after acquiring an additional 903 shares in the last quarter. Azimuth Capital Management LLC boosted its stake in shares of NextEra Energy by 1.6% during the 1st quarter. Azimuth Capital Management LLC now owns 25,644 shares of the utilities provider’s stock worth $3,292,000 after acquiring an additional 412 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after acquiring an additional 336,562 shares in the last quarter. Finally, RiverPoint Capital Management LLC boosted its stake in shares of NextEra Energy by 82.3% during the 1st quarter. RiverPoint Capital Management LLC now owns 3,607 shares of the utilities provider’s stock worth $463,000 after acquiring an additional 1,628 shares in the last quarter. 75.53% of the stock is currently owned by institutional investors.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,857 shares of company stock valued at $15,984,953. Insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NYSE NEE) opened at $153.64 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $72,488.27, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 3.07 and a beta of 0.31. NextEra Energy Inc has a twelve month low of $117.33 and a twelve month high of $159.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 EPS. equities research analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a $0.9825 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.

Several analysts have recently issued reports on NEE shares. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. J P Morgan Chase & Co began coverage on NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price for the company. Morgan Stanley increased their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Tuesday, October 10th. Finally, Bank of America began coverage on NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price for the company. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $159.00.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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