B. Metzler seel. Sohn & Co. AG Has $10.17 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in NextEra Energy, Inc. by 29.3% during the first quarter, holding a total of 143,514 shares worth approximately $10.17 million.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, with an annualized dividend yield of 3.0%, payable on September 15th.
• Wall Street analysts have varied ratings on NextEra Energy, including a consensus rating of "Moderate Buy" and an average target price of $83.79.

B. Metzler seel. Sohn & Co. AG raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 143,514 shares of the utilities provider's stock after buying an additional 32,560 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in NextEra Energy were worth $10,173,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $30,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter worth about $36,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the period. Finally, Hughes Financial Services LLC bought a new position in shares of NextEra Energy during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NEE shares. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.79.

NextEra Energy Trading Down 0.5%

NEE opened at $74.91 on Wednesday. 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 stock has a market capitalization of $154.26 billion, a PE ratio of 26.19, a PEG ratio of 2.59 and a beta of 0.63. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a 50-day moving average price of $73.14 and a two-hundred day moving average price of $70.89.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the company posted $0.96 EPS. The company's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share 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. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy's payout ratio is currently 79.02%.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company's stock, 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 currently owned by insiders.

About NextEra Energy

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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