Swedbank AB Acquires 24,406 Shares of NextEra Energy, Inc. $NEE

Key Points

• Swedbank AB has increased its stake in NextEra Energy, Inc. by 2.9%, owning 859,707 shares valued at approximately $60.95 million.
• Several institutional investors, including GQG Partners LLC and Charles Schwab Investment Management Inc., have significantly increased their holdings in NextEra Energy, indicating strong investor interest in the stock.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting a 3.2% dividend yield and a payout ratio of 79.37%.

Swedbank AB increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,707 shares of the utilities provider's stock after buying an additional 24,406 shares during the quarter. Swedbank AB's holdings in NextEra Energy were worth $60,945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. 1 North Wealth Services LLC bought a new position in NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new position in NextEra Energy during the 1st quarter valued at $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy during the 1st quarter valued at $35,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter valued at $36,000. Finally, Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 392 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NEE shares. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Barclays raised their price objective 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. Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.00.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock valued at $1,476,245 over the last ninety days. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.10 during midday trading on Monday, hitting $71.54. The company's stock had a trading volume of 10,397,182 shares, compared to its average volume of 9,308,457. The stock has a market capitalization of $147.32 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.47 and a beta of 0.65. The stock's 50 day simple moving average is $73.03 and its 200 day simple moving average is $71.08. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week 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.

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, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the business earned $0.96 earnings per share. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

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.