168,084 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 168,084 shares of the utilities provider’s stock, valued at approximately $14,208,000.

A number of other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise grew its stake in NextEra Energy by 14.8% in the third quarter. Banque Cantonale Vaudoise now owns 125,463 shares of the utilities provider’s stock worth $10,605,000 after purchasing an additional 16,154 shares in the last quarter. SouthState Corp grew its stake in NextEra Energy by 33.9% in the third quarter. SouthState Corp now owns 212,686 shares of the utilities provider’s stock worth $17,978,000 after purchasing an additional 53,832 shares in the last quarter. FWG Holdings LLC grew its stake in NextEra Energy by 2.2% in the third quarter. FWG Holdings LLC now owns 12,316 shares of the utilities provider’s stock worth $1,021,000 after purchasing an additional 271 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in NextEra Energy by 12.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 53,346 shares of the utilities provider’s stock worth $4,509,000 after purchasing an additional 6,103 shares in the last quarter. Finally, BIP Wealth LLC grew its stake in NextEra Energy by 8.0% in the third quarter. BIP Wealth LLC now owns 3,883 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 286 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE opened at $76.39 on Tuesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a market cap of $157.09 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The business’s 50 day moving average is $81.43 and its 200-day moving average is $77.60. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.70%. NextEra Energy’s payout ratio is 60.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NEE shares. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.54.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.