B. Metzler seel. Sohn & Co. AG Has $9.52 Million Holdings in NextEra Energy, Inc. $NEE

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,116 shares of the utilities provider’s stock after selling 15,341 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in NextEra Energy were worth $9,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. raised its position in NextEra Energy by 24.8% in the 3rd quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock valued at $4,843,000 after purchasing an additional 12,738 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its stake in NextEra Energy by 5.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after purchasing an additional 15,600 shares in the last quarter. National Pension Service grew its holdings in shares of NextEra Energy by 1.3% during the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock worth $365,783,000 after purchasing an additional 60,324 shares during the last quarter. Synergy Asset Management LLC grew its holdings in shares of NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 16,322 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of NextEra Energy by 61.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after buying an additional 23,288 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 159,049 shares of company stock valued at $14,194,542 over the last ninety days. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $91.03 on Monday. The business’s 50-day simple moving average is $87.27 and its 200 day simple moving average is $82.36. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $189.66 billion, a price-to-earnings ratio of 27.67 and a beta of 0.75. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is presently 75.68%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. BMO Capital Markets set a $95.00 price target on NextEra Energy in a report on Thursday, January 29th. Barclays increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. UBS Group boosted their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $94.16.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.