Handelsbanken Fonder AB Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Handelsbanken Fonder AB decreased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 91.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,134 shares of the utilities provider's stock after selling 334,160 shares during the period. Handelsbanken Fonder AB's holdings in NextEra Energy were worth $2,136,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $44,000. Finally, Promus Capital LLC purchased a new position in NextEra Energy during the fourth quarter worth $45,000. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NEE shares. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets cut their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Price Performance

NextEra Energy stock opened at $74.70 on Friday. The business's fifty day moving average is $69.00 and its two-hundred day moving average is $70.46. The firm has a market cap of $153.78 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

About NextEra Energy

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.

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