Forsta AP Fonden Sells 8,500 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Forsta AP Fonden reduced its stake in NextEra Energy by 1.6%, selling 8,500 shares and maintaining a total of 507,400 shares worth approximately $35.97 million.
• NextEra Energy reported $1.05 EPS for the latest quarter, exceeding analyst expectations of $1.01; however, revenue fell short, totaling $6.70 billion compared to estimates of $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, which equates to an annual yield of 3.1%, with a payout ratio of 79.37%.

Forsta AP Fonden lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,400 shares of the utilities provider's stock after selling 8,500 shares during the period. Forsta AP Fonden's holdings in NextEra Energy were worth $35,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Bellwether Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth approximately $30,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the 1st quarter worth $35,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter valued at about $36,000. CBIZ Investment Advisory Services LLC raised its stake in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of NextEra Energy in the first quarter worth about $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.16 on Friday, reaching $72.42. 5,575,056 shares of the stock were exchanged, compared to its average volume of 8,816,330. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $72.56 and a two-hundred day moving average price of $70.56. The firm has a market capitalization of $149.13 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

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

NextEra Energy Announces Dividend

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

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by 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.