Commerzbank Aktiengesellschaft FI Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Commerzbank Aktiengesellschaft FI acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,372 shares of the utilities provider’s stock, valued at approximately $387,000.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Cetera Trust Company N.A purchased a new stake in NextEra Energy in the 4th quarter worth approximately $310,000. Heritage Investment Group Inc. lifted its holdings in shares of NextEra Energy by 16.7% during the 4th quarter. Heritage Investment Group Inc. now owns 6,292 shares of the utilities provider’s stock valued at $382,000 after acquiring an additional 900 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of NextEra Energy by 2.2% during the 4th quarter. Signaturefd LLC now owns 53,467 shares of the utilities provider’s stock valued at $3,248,000 after acquiring an additional 1,128 shares in the last quarter. CRA Financial Services LLC lifted its holdings in shares of NextEra Energy by 1.1% during the 4th quarter. CRA Financial Services LLC now owns 31,472 shares of the utilities provider’s stock valued at $1,912,000 after acquiring an additional 329 shares in the last quarter. Finally, abrdn plc lifted its holdings in shares of NextEra Energy by 24.7% during the 4th quarter. abrdn plc now owns 3,253,633 shares of the utilities provider’s stock valued at $197,626,000 after acquiring an additional 644,217 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Barclays initiated coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Mizuho reiterated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, Guggenheim boosted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Price Performance

NYSE:NEE opened at $64.31 on Monday. The firm has a market cap of $131.99 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.25. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $59.89 and its two-hundred day moving average price is $58.61.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. NextEra Energy’s payout ratio is currently 57.06%.

About NextEra Energy

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.