Skandinaviska Enskilda Banken AB publ decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,241 shares of the utilities provider’s stock after selling 3,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in NextEra Energy were worth $12,275,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC increased its position in NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares during the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 719 shares during the last quarter. Howe & Rusling Inc. grew its holdings in shares of NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 373 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of NextEra Energy in the second quarter worth about $167,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of NextEra Energy in the third quarter worth about $168,000. Institutional investors and hedge funds own 75.46% of the company’s stock.
In related news, Treasurer Paul I. Cutler sold 7,639 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $173.30, for a total value of $1,323,838.70. Following the completion of the sale, the treasurer now directly owns 98,914 shares of the company’s stock, valued at $17,141,796.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $170.69, for a total transaction of $3,072,420.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,210 shares of company stock valued at $11,744,017. 0.55% of the stock is owned by insiders.
NEE has been the topic of a number of research analyst reports. Wells Fargo & Co upped their price target on shares of NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Morgan Stanley cut their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Mizuho initiated coverage on shares of NextEra Energy in a report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target on the stock. Finally, ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $174.62.
NYSE NEE opened at $176.56 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $82.94 billion, a PE ratio of 26.35, a P/E/G ratio of 2.67 and a beta of 0.13. NextEra Energy Inc has a 12 month low of $145.10 and a 12 month high of $177.04.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy Inc will post 7.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is presently 66.27%.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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