Allianz SE Purchases 18,736 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Allianz SE increased its stake in NextEra Energy, Inc. by 10.8%, acquiring an additional 18,736 shares, now owning a total of 192,416 shares valued at approximately $13.64 million.
• NextEra Energy reported a quarterly earnings per share of $1.05, surpassing the estimate of $1.01, although its revenue of $6.70 billion fell short of the expected $7.52 billion.
• The company recently declared a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.2% and a payout ratio of 79.37%.

Allianz SE raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,416 shares of the utilities provider's stock after acquiring an additional 18,736 shares during the quarter. Allianz SE's holdings in NextEra Energy were worth $13,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its stake in shares of NextEra Energy by 1.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,711,074 shares of the utilities provider's stock valued at $192,188,000 after buying an additional 26,937 shares in the last quarter. Raiffeisen Bank International AG increased its holdings in shares of NextEra Energy by 25.8% in the 1st quarter. Raiffeisen Bank International AG now owns 9,271 shares of the utilities provider's stock worth $643,000 after buying an additional 1,904 shares during the last quarter. Fairfield Financial Advisors LTD increased its holdings in shares of NextEra Energy by 5.0% in the 1st quarter. Fairfield Financial Advisors LTD now owns 12,729 shares of the utilities provider's stock worth $902,000 after buying an additional 611 shares during the last quarter. Argent Trust Co increased its holdings in shares of NextEra Energy by 18.0% in the 1st quarter. Argent Trust Co now owns 236,356 shares of the utilities provider's stock worth $16,755,000 after buying an additional 35,997 shares during the last quarter. Finally, L & S Advisors Inc grew its holdings in shares of NextEra Energy by 119.8% during the 1st quarter. L & S Advisors Inc now owns 100,755 shares of the utilities provider's stock valued at $7,143,000 after purchasing an additional 54,924 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.41 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market capitalization of $144.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.42 and a beta of 0.63. The firm's 50 day simple moving average is $72.26 and its two-hundred day simple moving average is $70.53.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 yield of 3.2%. NextEra Energy's dividend payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,361 shares of company stock valued at $2,365,398 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEE shares. HSBC cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Company 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.

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