B. Metzler seel. Sohn & Co. AG Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 34.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,954 shares of the utilities provider's stock after selling 57,130 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in NextEra Energy were worth $7,954,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $33,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

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

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NEE shares. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley raised their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $85.92.

NextEra Energy Stock Up 2.3 %

Shares of NextEra Energy stock traded up $1.60 during trading hours on Thursday, reaching $72.08. 13,651,976 shares of the company were exchanged, compared to its average volume of 10,645,612. The firm has a market cap of $148.27 billion, a PE ratio of 21.39, 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 1 year low of $61.31 and a 1 year high of $86.10. The stock's fifty day moving average is $70.71 and its 200 day moving average is $74.87.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. NextEra Energy's dividend payout ratio is presently 67.06%.

NextEra Energy Company 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.