Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 771,896 shares of the utilities provider’s stock after purchasing an additional 28,647 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NextEra Energy were worth $65,248,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NEE. Tandem Capital Management Corp ADV lifted its stake in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after acquiring an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC grew its stake in shares of NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 126 shares during the last quarter. Insight Folios Inc grew its position in NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC increased its position in shares of NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in shares of NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, 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 the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.3 %

NYSE NEE opened at $78.54 on Thursday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a 50 day simple moving average of $80.48 and a 200-day simple moving average of $77.79. The firm has a market cap of $161.50 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.77 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last issued 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the business earned $0.94 EPS. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $86.85.

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,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.