Zurich Insurance Group Ltd FI Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Zurich Insurance Group Ltd FI lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 49.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 205,433 shares of the utilities provider's stock after selling 198,431 shares during the period. Zurich Insurance Group Ltd FI's holdings in NextEra Energy were worth $14,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accel Wealth Management increased its stake in NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after purchasing an additional 145 shares in the last quarter. L.M. Kohn & Company grew its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after buying an additional 145 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after acquiring an additional 149 shares in the last quarter. Baker Ellis Asset Management LLC raised its holdings in shares of NextEra Energy by 1.3% in the 4th quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock worth $836,000 after acquiring an additional 150 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays lowered their price target on 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. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group dropped their price target 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. Finally, BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Trading Up 1.3%

NextEra Energy stock traded up $0.88 during trading hours on Monday, reaching $67.82. The stock had a trading volume of 17,155,250 shares, compared to its average volume of 11,151,600. The company has a fifty day simple moving average of $68.57 and a 200-day simple moving average of $71.00. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market cap of $139.62 billion, a PE ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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 analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.34%. NextEra Energy's dividend payout ratio (DPR) is currently 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.