NextEra Energy, Inc. $NEE Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in NextEra Energy by 58%, selling 194,100 shares and owning 140,434 shares valued at approximately $9.95 million after the sale.
• Despite the fund's sell-off, other hedge funds, such as Boston Partners and GQG Partners LLC, increased their stakes by 55.3% and 58.4% respectively in the same quarter.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, which results in an annualized yield of 3.1% and has a payout ratio of 79.37%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 58.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,434 shares of the utilities provider's stock after selling 194,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in NextEra Energy were worth $9,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Somerset Trust Co grew its holdings in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares during the period. Elyxium Wealth LLC bought a new position in NextEra Energy during the 1st quarter valued at $783,000. Viking Fund Management LLC boosted its stake in shares of NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after buying an additional 200,000 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after buying an additional 8,472 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after purchasing an additional 5,949 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction 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 represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded up $0.6670 during trading on Tuesday, reaching $76.3870. The company had a trading volume of 4,728,433 shares, compared to its average volume of 11,891,852. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market cap of $157.30 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63. The firm has a 50-day simple moving average of $72.83 and a 200-day simple moving average of $70.63.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data 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 net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy's payout ratio is 79.37%.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.42.

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.