Commerzbank Aktiengesellschaft FI Has $5.06 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Commerzbank Aktiengesellschaft FI increased its holdings in NextEra Energy by 10.2% in Q2, owning 72,837 shares valued at approximately $5.06 million.
• Multiple institutional investors, including Vanguard Group and Goldman Sachs, have also recently increased their stakes in NextEra Energy, demonstrating strong interest in the company.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 2.7% and a payout ratio of 79.37%.

Commerzbank Aktiengesellschaft FI raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,837 shares of the utilities provider's stock after buying an additional 6,767 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in NextEra Energy were worth $5,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. Northern Trust Corp increased its holdings in shares of NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock valued at $1,655,512,000 after acquiring an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares in the last quarter. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company's stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 0.5%

Shares of NYSE:NEE opened at $83.63 on Friday. The company has a market capitalization of $172.22 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.89 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a fifty day moving average price of $73.94 and a two-hundred day moving average price of $71.63. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm 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%.The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.37%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NEE shares. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an "outperform" rating in a report on Monday. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Morgan Stanley reissued an "overweight" rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.08.

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.