DekaBank Deutsche Girozentrale Sells 42,426 Shares of NextEra Energy, Inc. (NYSE:NEE)

DekaBank Deutsche Girozentrale decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,115,582 shares of the utilities provider's stock after selling 42,426 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.10% of NextEra Energy worth $148,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Somerset Trust Co lifted its stake in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after buying an additional 4,445 shares in the last quarter. Viking Fund Management LLC lifted its stake in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after buying an additional 200,000 shares in the last quarter. Trust Co. of Vermont lifted its position in shares of NextEra Energy by 2.2% in the first 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. GAMMA Investing LLC lifted its position in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after purchasing an additional 5,949 shares in the last quarter. Finally, Blackstone Inc. lifted its position in shares of NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after purchasing an additional 1,423,730 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEE. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average target price of $84.73.

NextEra Energy Stock Performance

Shares of NEE traded down $0.29 during trading hours on Friday, hitting $74.35. The company had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,073. The firm has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.63 and a beta of 0.67. The business has a fifty day moving average of $71.35 and a 200-day moving average of $70.24. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.