Alamea Verwaltungs GmbH Takes Position in NextEra Energy, Inc. $NEE

Key Points

• Alamea Verwaltungs GmbH acquired a new stake in NextEra Energy, purchasing 8,674 shares valued at approximately $615,000, making it the firm's 27th largest position.
• Major institutional investors like Vanguard Group, Northern Trust, and Goldman Sachs also increased their stakes in NextEra Energy during the first quarter, contributing to 78.72% institutional ownership of the stock.
• NextEra Energy's stock performance shows a current market cap of $148.34 billion and a dividend yield of 3.1%, with a quarterly dividend of $0.5665 per share expected on September 15th.

Alamea Verwaltungs GmbH purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,674 shares of the utilities provider's stock, valued at approximately $615,000. NextEra Energy makes up 0.5% of Alamea Verwaltungs GmbH's portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Somerset Trust Co raised its position in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares in the last quarter. Elyxium Wealth LLC purchased a new position in NextEra Energy in the 1st quarter worth about $783,000. Viking Fund Management LLC increased its stake in NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares in the last quarter. Trust Co. of Vermont increased its stake in NextEra Energy by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after purchasing an additional 8,472 shares in the last quarter. Finally, Tema Etfs LLC increased its stake in NextEra Energy by 835.9% in the 1st quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock worth $3,604,000 after purchasing an additional 45,407 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 1.0%

NYSE NEE traded down $0.74 during trading on Thursday, reaching $70.89. 14,573,801 shares of the company's stock were exchanged, compared to its average volume of 11,750,765. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a market capitalization of $145.98 billion, a PE ratio of 24.79, a P/E/G ratio of 2.48 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company's fifty day simple moving average is $73.28 and its 200-day simple moving average is $71.01.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the business earned $0.96 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company 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,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.