DekaBank Deutsche Girozentrale Raises Position in NextEra Energy Inc (NEE)

DekaBank Deutsche Girozentrale raised its stake in shares of NextEra Energy Inc (NYSE:NEE) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 808,269 shares of the utilities provider’s stock after purchasing an additional 8,042 shares during the quarter. NextEra Energy accounts for 0.9% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 17th largest holding. DekaBank Deutsche Girozentrale owned approximately 0.17% of NextEra Energy worth $121,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings in NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares in the last quarter. Highstreet Asset Management Inc. acquired a new stake in NextEra Energy during the second quarter valued at approximately $134,000. Atlantic Trust LLC acquired a new stake in NextEra Energy during the second quarter valued at approximately $154,000. Finally, Pacific Center for Financial Services boosted its holdings in NextEra Energy by 50.1% during the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 380 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Argus reissued a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. J P Morgan Chase & Co assumed coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price on the stock. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, October 10th. Credit Suisse Group assumed coverage on NextEra Energy in a report on Thursday. They issued an “outperform” rating and a $173.00 target price on the stock. Finally, Morgan Stanley boosted their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $157.73.

In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the sale, the executive vice president now owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 107,757 shares of company stock valued at $16,419,953 in the last quarter. Corporate insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NYSE:NEE) opened at $159.03 on Friday. NextEra Energy Inc has a 1-year low of $114.85 and a 1-year high of $159.28. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $74,807.40, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the business earned $1.74 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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