NextEra Energy, Inc. $NEE Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 18.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 140,234 shares of the utilities provider’s stock after selling 32,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NextEra Energy were worth $10,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Synergy Asset Management LLC lifted its stake in shares of NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after buying an additional 16,322 shares during the period. Daymark Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after purchasing an additional 2,767 shares during the period. Hunter Perkins Capital Management LLC purchased a new position in shares of NextEra Energy during the 3rd quarter worth $3,966,000. Dillon & Associates Inc. boosted its holdings in shares of NextEra Energy by 8.4% during the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after purchasing an additional 5,261 shares during the last quarter. Finally, Soltis Investment Advisors LLC grew its position in shares of NextEra Energy by 171.1% in the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after purchasing an additional 7,645 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. UBS Group set a $91.00 price target on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Citigroup reiterated a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Finally, HSBC upped their price target on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $83.65 on Friday. The business’s 50-day simple moving average is $82.32 and its 200 day simple moving average is $78.20. The company has a market cap of $174.21 billion, a P/E ratio of 26.64, a PEG ratio of 2.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the company earned $1.03 earnings per share. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were paid 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 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Insider Buying and Selling at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.