Siemens Fonds Invest GmbH Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Siemens Fonds Invest GmbH lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 93.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,523 shares of the utilities provider's stock after selling 88,382 shares during the period. Siemens Fonds Invest GmbH's holdings in NextEra Energy were worth $468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after acquiring an additional 5,831 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after buying an additional 41,328 shares during the period. Brentview Investment Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $3,761,000. Fortress Financial Solutions LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $315,000. Finally, Asset Planning Inc acquired a new position in shares of NextEra Energy in the fourth quarter worth about $560,000. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on NEE shares. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group cut their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Barclays dropped their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NYSE NEE traded up $1.48 during trading on Friday, hitting $70.47. 18,800,654 shares of the company's stock were exchanged, compared to its average volume of 11,121,064. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market cap of $145.07 billion, a PE ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock's 50 day moving average price is $68.40 and its two-hundred day moving average price is $70.81.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.22%. NextEra Energy's payout ratio is 84.64%.

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.