DJE Kapital AG Raises Stock Holdings in NextEra Energy, Inc. $NEE

DJE Kapital AG raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 53.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,518 shares of the utilities provider’s stock after purchasing an additional 38,655 shares during the quarter. DJE Kapital AG’s holdings in NextEra Energy were worth $7,532,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Daymark Wealth Partners LLC lifted its holdings in shares of NextEra Energy by 6.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after purchasing an additional 2,767 shares during the last quarter. Avity Investment Management Inc. lifted its stake in NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after buying an additional 8,565 shares during the last quarter. Dillon & Associates Inc. lifted its stake in NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after buying an additional 5,261 shares during the last quarter. Integrity Alliance LLC. boosted its holdings in shares of NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after acquiring an additional 7,401 shares during the period. Finally, Soltis Investment Advisors LLC grew its position in shares of NextEra Energy by 171.1% during the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 7,645 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 2.3%

NextEra Energy stock opened at $83.92 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market capitalization of $174.76 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The firm has a 50 day simple moving average of $78.17 and a 200-day simple moving average of $74.00.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NEE. UBS Group reiterated a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Cowen initiated coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $90.22.

Insider Buying and Selling

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,028 shares of company stock valued at $1,738,973 over the last three months. Company insiders own 0.20% of the company’s stock.

About NextEra Energy

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.