Lansforsakringar Fondforvaltning AB publ Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 676,822 shares of the utilities provider's stock, valued at approximately $48,521,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Northstar Financial Companies Inc. bought a new stake in shares of NextEra Energy during the fourth quarter worth $454,000. Centaurus Financial Inc. raised its holdings in NextEra Energy by 140.0% during the 4th quarter. Centaurus Financial Inc. now owns 49,208 shares of the utilities provider's stock worth $3,528,000 after purchasing an additional 28,702 shares during the last quarter. Campbell Deegan Wealth Management LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $580,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NEE shares. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets decreased 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, Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Trading Up 2.1%

Shares of NYSE:NEE traded up $1.48 during trading on Friday, reaching $70.47. 18,800,654 shares of the company traded hands, compared to its average volume of 11,141,433. The firm has a market capitalization of $145.07 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business's fifty day moving average is $68.36 and its 200-day moving average is $70.84. 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 announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.

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.