NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Swedbank AB

Swedbank AB lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 33.2% during the 3rd quarter, Holdings Channel reports. The firm owned 661,623 shares of the utilities provider’s stock after buying an additional 164,737 shares during the period. Swedbank AB’s holdings in NextEra Energy were worth $55,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Silvercrest Asset Management Group LLC boosted its holdings in NextEra Energy by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 67,456 shares of the utilities provider’s stock valued at $4,311,000 after purchasing an additional 1,420 shares during the period. Waverly Advisors LLC boosted its stake in shares of NextEra Energy by 128.2% in the 1st quarter. Waverly Advisors LLC now owns 16,601 shares of the utilities provider’s stock valued at $1,061,000 after buying an additional 9,326 shares during the period. Bayesian Capital Management LP acquired a new position in shares of NextEra Energy during the first quarter worth about $1,541,000. Ancora Advisors LLC increased its stake in shares of NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after buying an additional 7,677 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in NextEra Energy by 11.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 206,009 shares of the utilities provider’s stock valued at $13,166,000 after acquiring an additional 21,195 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.85.

NextEra Energy Trading Down 1.8 %

NYSE:NEE opened at $76.00 on Monday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $80.90 and a 200-day simple moving average of $77.75. The company has a market capitalization of $156.29 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

NextEra Energy Company Profile

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.