Allianz SE Sells 875 Shares of NextEra Energy, Inc. $NEE

Allianz SE decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,541 shares of the utilities provider’s stock after selling 875 shares during the period. Allianz SE’s holdings in NextEra Energy were worth $13,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Activest Wealth Management boosted its position in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth about $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy in the 1st quarter worth $26,000. Quaker Wealth Management LLC lifted its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in NextEra Energy during the first quarter worth $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.1%

NEE stock opened at $85.88 on Thursday. The stock has a market cap of $178.84 billion, a P/E ratio of 27.35, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The business’s 50-day moving average price is $78.98 and its 200-day moving average price is $74.40. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last released 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. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given 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 dividend yield of 2.6%. NextEra Energy’s payout ratio is currently 71.97%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 23,028 shares of company stock worth $1,738,973. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on NEE shares. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Citigroup restated a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Mizuho lifted their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Barclays set a $88.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Finally, New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy Company 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.