Lansforsakringar Fondforvaltning AB publ Sells 21,415 Shares of NextEra Energy, Inc. $NEE

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in NextEra Energy, Inc. by 3.2%, holding 655,407 shares valued at $46.46 million as of the last reporting period.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, surpassing estimates by $0.04, although revenue fell short at $6.70 billion compared to a forecast of $7.52 billion.
• The company announced a quarterly dividend of $0.5665, yielding 3.1%, with a payout ratio of 79.37%, emphasizing its ongoing commitment to return value to shareholders.

Lansforsakringar Fondforvaltning AB publ reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 655,407 shares of the utilities provider's stock after selling 21,415 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in NextEra Energy were worth $46,462,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares during the period. Quarry LP increased its holdings in NextEra Energy by 295.9% in the 4th quarter. Quarry LP now owns 1,556 shares of the utilities provider's stock worth $112,000 after buying an additional 1,163 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in NextEra Energy by 217.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 138,503 shares of the utilities provider's stock worth $9,929,000 after buying an additional 94,914 shares during the period. Finally, Voleon Capital Management LP acquired a new position in NextEra Energy in the 4th quarter worth approximately $2,972,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Treasurer James Michael May sold 2,177 shares of the firm'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 value of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The shares were 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 approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.00.

NextEra Energy Trading Down 0.1%

Shares of NEE traded down $0.06 during midday trading on Monday, reaching $72.03. The company had a trading volume of 11,278,715 shares, compared to its average volume of 9,452,117. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a market cap of $148.34 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.65. The firm has a 50 day simple moving average of $73.20 and a 200-day simple moving average of $70.97. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

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.