Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of NextEra Energy Inc (NYSE:NEE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 175,703 shares of the utilities provider’s stock, valued at approximately $25,907,000. NextEra Energy makes up about 1.1% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 17th largest position.

Several other large investors have also made changes to their positions in the company. Day & Ennis LLC increased its stake in shares of NextEra Energy by 0.6% in the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 14 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of NextEra Energy by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after purchasing an additional 15 shares during the period. Whalerock Point Partners LLC grew its holdings in shares of NextEra Energy by 0.3% during the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after purchasing an additional 15 shares during the period. First Interstate Bank grew its holdings in shares of NextEra Energy by 1.3% during the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 16 shares during the period. Finally, Sfmg LLC grew its holdings in shares of NextEra Energy by 0.7% during the 2nd quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Shares of NextEra Energy Inc (NYSE NEE) traded up $0.40 on Friday, hitting $158.18. The stock had a trading volume of 1,452,100 shares, compared to its average volume of 1,683,597. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The stock has a market cap of $74,219.34, a PE ratio of 23.66, a PEG ratio of 3.15 and a beta of 0.31. NextEra Energy Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.28.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is presently 44.16%.

In other news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders sold a total of 107,757 shares of company stock valued at $16,419,953 in the last quarter. Company insiders own 0.53% of the company’s stock.

NEE has been the subject of a number of research analyst reports. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley raised their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Argus restated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a report on Tuesday. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co began coverage on NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price for the company. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $157.73.

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NextEra Energy Profile

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.

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

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