Commerce Bank Has $60.66 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Commerce Bank increased its stake in NextEra Energy by 0.8%, adding 6,931 shares, bringing its total holdings to 855,665 shares worth approximately $60.66 million.
• Several institutional investors have also adjusted their positions in NextEra Energy, with 78.72% of the stock now owned by institutional investors.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 3.2%, with a dividend payout ratio of 79.37%.

Commerce Bank increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 855,665 shares of the utilities provider's stock after acquiring an additional 6,931 shares during the quarter. Commerce Bank's holdings in NextEra Energy were worth $60,658,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Northern Trust Corp grew its holdings in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after buying an additional 1,707,933 shares in the last quarter. Cohen & Steers Inc. grew its holdings in NextEra Energy by 1.0% in the 4th quarter. Cohen & Steers Inc. now owns 5,262,515 shares of the utilities provider's stock valued at $377,270,000 after buying an additional 53,759 shares in the last quarter. FIL Ltd grew its holdings in NextEra Energy by 7.7% in the 4th quarter. FIL Ltd now owns 5,062,634 shares of the utilities provider's stock valued at $362,940,000 after buying an additional 362,997 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in NextEra Energy by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,783,306 shares of the utilities provider's stock valued at $339,089,000 after buying an additional 52,693 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NEE. Barclays upped their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. HSBC reduced their target price on 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 reduced their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.65 on Friday, hitting $70.41. 6,627,959 shares of the company's stock were exchanged, compared to its average volume of 9,376,540. 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 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $144.99 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The company has a 50 day moving average of $72.26 and a 200 day moving average of $70.53.

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

NextEra Energy Dividend Announcement

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade 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 can be accessed 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 completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,361 shares of company stock worth $2,365,398. 0.20% of the stock is currently owned by 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.