Skandinaviska Enskilda Banken AB publ Has $34.33 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its holdings in NextEra Energy by 16.7%, acquiring an additional 69,148 shares during the first quarter, bringing its total ownership to 484,246 shares valued at approximately $34.3 million.
• NextEra Energy's most recent quarterly earnings report revealed an EPS of $1.05, exceeding analysts’ expectations of $1.01, despite revenue of $6.70 billion falling short of the consensus estimate of $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, reflecting a 3.15% dividend yield, with the dividend scheduled to be paid on September 15th to investors of record on August 28th.

Skandinaviska Enskilda Banken AB publ raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,246 shares of the utilities provider's stock after acquiring an additional 69,148 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in NextEra Energy were worth $34,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $240,269,000. California Public Employees Retirement System raised its position in shares of NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after buying an additional 2,517,369 shares during the last quarter. Schroder Investment Management Group raised its position in shares of NextEra Energy by 44.9% during the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after buying an additional 2,499,011 shares during the last quarter. GAMMA Investing LLC raised its position in shares of NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock valued at $174,286,000 after buying an additional 2,429,804 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the 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 sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock valued at $2,365,398 over the last three months. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NEE. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. 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 research note on Thursday, April 24th. HSBC lowered their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Finally, Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Seven investment 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 an average rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.19 during trading hours on Wednesday, hitting $71.76. 1,634,849 shares of the stock were exchanged, compared to its average volume of 12,162,109. 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 stock has a market capitalization of $147.78 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.46 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The business's 50-day moving average is $72.14 and its two-hundred day moving average is $70.47.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The company's quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

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.