NextEra Energy, Inc. $NEE Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 749,449 shares of the utilities provider’s stock after selling 20,812 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in NextEra Energy were worth $52,027,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The stock was 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 of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 168,168 shares of company stock worth $13,917,670. Company insiders own 0.20% of the company’s stock.

NextEra Energy Trading Down 0.0%

Shares of NYSE:NEE opened at $84.24 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market capitalization of $175.43 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a 50 day moving average price of $80.63 and a 200 day moving average price of $75.09.

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

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Evercore ISI restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target for the company. Citigroup reiterated a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Finally, Cowen assumed coverage on NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.53.

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.