Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Zurcher Kantonalbank increased its stake in NextEra Energy, Inc. by 3.6% during Q1, raising its holdings to 890,438 shares valued at $63.1 million.
• NextEra Energy reported $1.05 earnings per share for the latest quarter, surpassing the estimate of $1.01, while revenue reached $6.7 billion.
• The company declared a quarterly dividend of $0.5665 per share with an annual yield of 3.15%, further demonstrating its commitment to returning capital to shareholders.

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 890,438 shares of the utilities provider's stock after purchasing an additional 31,325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NextEra Energy were worth $63,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $33,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the first quarter worth approximately $35,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth approximately $36,000. Finally, CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was 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 directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,361 shares of company stock valued at $2,365,398 in the last three months. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group reduced their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.15 during mid-day trading on Wednesday, hitting $71.80. 1,881,447 shares of the stock traded hands, compared to its average volume of 12,164,171. 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 twelve month low of $61.72 and a twelve month high of $86.10. The company has a market cap of $147.86 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.46 and a beta of 0.67. The firm has a 50 day simple moving average of $72.14 and a two-hundred day simple moving average of $70.47.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for 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 quarter last year, the business posted $0.96 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.02%.

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.