Czech National Bank Has $39.48 Million Stake in NextEra Energy, Inc. $NEE

by · The Cerbat Gem

Czech National Bank increased its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 523,018 shares of the utilities provider’s stock after purchasing an additional 19,816 shares during the period. Czech National Bank’s holdings in NextEra Energy were worth $39,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC boosted its stake in shares of NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares during the period. Avity Investment Management Inc. increased its stake in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after acquiring an additional 8,565 shares during the period. Dillon & Associates Inc. raised its holdings in NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after acquiring an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC lifted its position in shares of NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 7,645 shares during the period. Finally, Integrity Alliance LLC. grew its holdings in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 157,322 shares of company stock worth $13,148,943. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 1.2%

Shares of NYSE NEE opened at $80.33 on Thursday. The company has a market cap of $167.29 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.73 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The stock has a 50-day moving average price of $83.56 and a two-hundred day moving average price of $76.86.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is 72.29%.

Analyst Ratings Changes

A number of research analysts recently commented on NEE shares. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.56.

Get Our Latest Stock Report on NextEra Energy

NextEra Energy Profile

(Free Report)

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.

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