NextEra Energy Inc (NYSE:NEE) Shares Sold by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 27.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,037 shares of the utilities provider’s stock after selling 48,638 shares during the period. Zurich Insurance Group Ltd FI’s holdings in NextEra Energy were worth $26,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of NextEra Energy by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock valued at $73,110,000 after acquiring an additional 18,979 shares during the last quarter. Atlantic Trust LLC grew its holdings in shares of NextEra Energy by 9.8% in the second quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after purchasing an additional 1,123 shares in the last quarter. Evercore Wealth Management LLC grew its holdings in shares of NextEra Energy by 8.3% in the second quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock valued at $3,557,000 after purchasing an additional 1,327 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of NextEra Energy by 18.4% in the first quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Mirova grew its holdings in shares of NextEra Energy by 1,657.8% in the second quarter. Mirova now owns 144,407 shares of the utilities provider’s stock valued at $29,583,000 after purchasing an additional 136,192 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

A number of research analysts recently weighed in on the stock. Wells Fargo & Co set a $240.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a report on Tuesday, September 3rd. Credit Suisse Group lifted their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group lifted their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Morgan Stanley set a $233.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Barclays cut shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $217.77.



NextEra Energy stock traded up $0.03 during trading on Friday, reaching $224.93. The stock had a trading volume of 139,063 shares, compared to its average volume of 2,238,031. NextEra Energy Inc has a 52-week low of $164.25 and a 52-week high of $225.96. The business has a 50 day moving average price of $218.14 and a 200 day moving average price of $203.18. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The stock has a market cap of $106.47 billion, a PE ratio of 29.26, a P/E/G ratio of 3.31 and a beta of 0.19.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the firm earned $2.08 earnings per share. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, equities analysts predict that NextEra Energy Inc will post 8.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 29th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.22%. NextEra Energy’s dividend payout ratio is presently 64.94%.

In other news, EVP Joseph T. Kelliher sold 3,279 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $219.20, for a total transaction of $718,756.80. Following the completion of the sale, the executive vice president now owns 28,215 shares in the company, valued at approximately $6,184,728. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the sale, the director now owns 18,315 shares of the company’s stock, valued at approximately $3,716,113.50. The disclosure for this sale can be found here. Insiders have sold a total of 97,853 shares of company stock valued at $21,215,994 in the last 90 days. Insiders own 0.48% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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