Erste Asset Management GmbH Has $13.85 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Erste Asset Management GmbH trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 34.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,980 shares of the utilities provider’s stock after selling 100,500 shares during the period. Erste Asset Management GmbH’s holdings in NextEra Energy were worth $13,848,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Amundi lifted its holdings in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after purchasing an additional 3,172,405 shares in the last quarter. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. National Bank of Canada FI boosted its stake in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in NextEra Energy by 13,375.2% during the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock worth $67,835,000 after purchasing an additional 939,209 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $65,657,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.70 on Friday. The business’s fifty day moving average is $70.48 and its 200 day moving average is $75.92. The firm has a market cap of $149.55 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $58.88 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.12%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NEE shares. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley upped their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

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.