Avanza Fonder AB Invests $1.12 Million in NextEra Energy, Inc. $NEE

Avanza Fonder AB bought a new stake in NextEra Energy, Inc. (NYSE:NEEFree Report) in the fourth quarter, HoldingsChannel reports. The fund bought 13,956 shares of the utilities provider’s stock, valued at approximately $1,120,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in NextEra Energy in the 2nd quarter worth approximately $2,375,545,000. Assenagon Asset Management S.A. raised its stake in shares of NextEra Energy by 1,765.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after purchasing an additional 3,755,563 shares during the period. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of NextEra Energy during the third quarter valued at approximately $177,198,000. Amundi lifted its position in shares of NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of NextEra Energy by 18.7% during the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after purchasing an additional 1,701,648 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. HSBC boosted their price objective on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Jefferies Financial Group set a $87.00 target price on NextEra Energy in a research note on Wednesday, January 14th. UBS Group lifted their target price on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Barclays increased their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.44.

Get Our Latest Analysis on NextEra Energy

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of the stock in a transaction that occurred 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 transaction, the treasurer owned 26,719 shares of the company’s stock, valued at $2,411,924.13. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. The trade was a 22.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 190,816 shares of company stock valued at $17,075,619 over the last three months. Company insiders own 0.18% of the company’s stock.

Key NextEra Energy News

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

NextEra Energy Trading Up 1.5%

NYSE NEE opened at $91.61 on Wednesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company has a market capitalization of $190.86 billion, a price-to-earnings ratio of 27.84 and a beta of 0.76. The company’s fifty day moving average price is $89.97 and its two-hundred day moving average price is $83.92.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share 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 the consensus estimate of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy’s dividend payout ratio is presently 75.68%.

About NextEra Energy

(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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