Avanza Fonder AB Makes New $1.12 Million Investment in NextEra Energy, Inc. $NEE

Avanza Fonder AB purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,956 shares of the utilities provider’s stock, valued at approximately $1,120,000.

A number of other institutional investors have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in NextEra Energy during the second quarter worth approximately $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $25,000. Strive Asset Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $29,000. Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy during the 2nd quarter worth $31,000. Finally, Rexford Capital Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the sale, the treasurer directly owned 26,719 shares of the company’s stock, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 190,816 shares of company stock worth $17,075,619. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on NEE shares. BMO Capital Markets set a $95.00 target price on NextEra Energy in a research note on Thursday, January 29th. Morgan Stanley reissued an “overweight” rating and issued a $106.00 price target on shares of NextEra Energy in a research note on Friday, February 20th. Wolfe Research upped their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Jefferies Financial Group set a $87.00 price objective on shares of NextEra Energy in a report on Wednesday, January 14th. Finally, Mizuho set a $90.00 target price on shares of NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Two equities research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.44.

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NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $91.61 on Wednesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $95.91. The stock has a market capitalization of $190.86 billion, a P/E ratio of 27.84 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average price is $89.97 and its 200 day moving average price is $83.92.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 75.68%.

NextEra Energy News Roundup

Here are the key news stories impacting NextEra Energy this week:

NextEra Energy Company Profile

(Free Report)

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.

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

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