NextEra Energy, Inc. (NYSE:NEE) Position Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,963 shares of the utilities provider’s stock after buying an additional 7,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in NextEra Energy were worth $29,171,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ranch Capital Advisors Inc. raised its stake in shares of NextEra Energy by 12.4% during the second quarter. Ranch Capital Advisors Inc. now owns 15,792 shares of the utilities provider’s stock valued at $1,118,000 after purchasing an additional 1,743 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of NextEra Energy by 9.8% in the second quarter. AE Wealth Management LLC now owns 70,781 shares of the utilities provider’s stock valued at $5,012,000 after acquiring an additional 6,340 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of NextEra Energy by 4.9% during the second quarter. King Luther Capital Management Corp now owns 18,139 shares of the utilities provider’s stock valued at $1,284,000 after acquiring an additional 844 shares during the period. Bridges Investment Management Inc. raised its holdings in NextEra Energy by 41.8% during the second quarter. Bridges Investment Management Inc. now owns 28,586 shares of the utilities provider’s stock worth $2,024,000 after purchasing an additional 8,421 shares in the last quarter. Finally, Callan Capital LLC lifted its position in NextEra Energy by 28.3% in the second quarter. Callan Capital LLC now owns 12,036 shares of the utilities provider’s stock worth $852,000 after purchasing an additional 2,655 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. 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 note on Friday, August 2nd. Citigroup increased their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.87.

NextEra Energy Stock Up 0.6 %

Shares of NextEra Energy stock opened at $82.76 on Friday. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $85.56. The company has a market cap of $170.03 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $78.33 and a 200 day moving average price of $72.22.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy 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.