22,238 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB has acquired a new stake in NextEra Energy, Inc., purchasing 22,238 shares valued at approximately $1.58 million in the first quarter.
• NextEra Energy recently reported a quarterly EPS of $1.05, surpassing analysts' estimates, with a year-over-year revenue increase of 10.4%.
• The company's dividend declaration of $0.5665 per share represents an annual yield of 3.1%, with a payout ratio of 79.37%.

AMF Tjanstepension AB bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,238 shares of the utilities provider's stock, valued at approximately $1,576,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter worth $30,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC lifted its holdings in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new position in NextEra Energy in the first quarter worth approximately $40,000. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.1%

NYSE:NEE traded up $0.09 during midday trading on Monday, reaching $72.50. The company had a trading volume of 8,419,299 shares, compared to its average volume of 8,690,406. The firm has a market capitalization of $149.31 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.49 and a beta of 0.63. The stock's fifty day simple moving average is $72.56 and its 200-day simple moving average is $70.57. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Analyst Ratings Changes

Several research firms have issued reports on NEE. Morgan Stanley cut their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. cut their target price on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.42.

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.