Commerce Bank Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Commerce Bank raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 843,834 shares of the utilities provider's stock after acquiring an additional 11,835 shares during the period. Commerce Bank's holdings in NextEra Energy were worth $71,329,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. MWA Asset Management purchased a new stake in NextEra Energy in the third quarter valued at approximately $229,000. Segall Bryant & Hamill LLC acquired a new stake in NextEra Energy in the third quarter valued at $4,055,000. Prospera Private Wealth LLC acquired a new stake in NextEra Energy in the third quarter valued at $177,000. West Family Investments Inc. raised its holdings in NextEra Energy by 45.2% in the third quarter. West Family Investments Inc. now owns 5,992 shares of the utilities provider's stock valued at $507,000 after acquiring an additional 1,864 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in NextEra Energy during the third quarter valued at $14,208,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.48 on Wednesday, hitting $76.60. 2,943,526 shares of the stock were exchanged, compared to its average volume of 10,895,124. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $157.52 billion, a PE ratio of 22.83, a P/E/G ratio of 2.76 and a beta of 0.57. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm's 50 day moving average is $81.33 and its two-hundred day moving average is $77.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.69%. NextEra Energy's dividend payout ratio (DPR) is currently 60.95%.

Analysts Set New Price Targets

Several analysts have weighed in on NEE shares. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus price target of $86.54.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.