GAM Holding AG Takes $3.96 Million Position in NextEra Energy, Inc. (NYSE:NEE)

GAM Holding AG acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 55,828 shares of the utilities provider's stock, valued at approximately $3,958,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the period. Norges Bank acquired a new position in NextEra Energy in the fourth quarter valued at about $3,484,197,000. Geode Capital Management LLC lifted its position in NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the period. Northern Trust Corp grew its stake in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after buying an additional 588,038 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 0.1%

NEE traded up $0.04 during trading on Friday, reaching $71.61. 15,182,372 shares of the company's stock were exchanged, compared to its average volume of 10,994,226. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $147.41 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The firm has a fifty day moving average price of $69.57 and a two-hundred day moving average price of $70.28.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insiders Place Their Bets

In other 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 value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NEE shares. Morgan Stanley dropped their target price 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. Wells Fargo & Company dropped their target price 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. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Finally, Barclays dropped their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.50.

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.