NextEra Energy, Inc. $NEE Shares Acquired by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB dramatically increased its stake in NextEra Energy, Inc. by 4,976.3%, acquiring over 1.1 million shares, which gives it an estimated $78.4 million in value.
• NextEra Energy reported a quarterly EPS of $1.05, exceeding analyst estimates, but fell short on revenue projections with $6.70 billion against an estimate of $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, translating to a 2.8% dividend yield, with a payout ratio of 79.37%.

AMF Tjanstepension AB increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4,976.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,128,870 shares of the utilities provider's stock after acquiring an additional 1,106,632 shares during the quarter. AMF Tjanstepension AB owned approximately 0.05% of NextEra Energy worth $78,422,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of NextEra Energy by 237.7% in the 1st 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 period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock valued at $1,539,610 over the last 90 days. Company insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $80.12 on Friday. The firm has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a PEG ratio of 2.69 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The company's fifty day moving average is $72.99 and its two-hundred day moving average is $71.28. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NextEra Energy in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.08.

NextEra Energy Company 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.

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