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

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 18.6% during the 3rd quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NEE. Blalock Williams LLC bought a new position in shares of NextEra Energy during the third quarter worth about $271,000. Wealth Effects LLC raised its stake in NextEra Energy by 5.8% during the third quarter. Wealth Effects LLC now owns 17,252 shares of the utilities provider’s stock valued at $1,302,000 after buying an additional 951 shares in the last quarter. Magnus Financial Group LLC raised its stake in NextEra Energy by 4.2% during the third quarter. Magnus Financial Group LLC now owns 8,254 shares of the utilities provider’s stock valued at $623,000 after buying an additional 330 shares in the last quarter. Octavia Wealth Advisors LLC bought a new position in NextEra Energy during the 3rd quarter worth approximately $220,000. Finally, MBE Wealth Management LLC grew its position in shares of NextEra Energy by 16.8% in the 3rd quarter. MBE Wealth Management LLC now owns 4,255 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 613 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen assumed coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Citigroup reissued a “buy” rating and set a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $89.00 price objective (down previously from $90.00) on shares of NextEra Energy in a research report on Wednesday, December 10th. Finally, Wolfe Research lifted their target price on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Insiders Place Their Bets

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 1.8%

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

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is presently 71.97%.

About NextEra Energy

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.