Handelsbanken Fonder AB Sells 26,850 Shares of NextEra Energy, Inc. (NYSE:NEE)

Handelsbanken Fonder AB cut its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 256,450 shares of the utilities provider's stock after selling 26,850 shares during the quarter. Handelsbanken Fonder AB's holdings in NextEra Energy were worth $15,577,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider's stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider's stock worth $1,316,653,000 after purchasing an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider's stock worth $593,106,000 after purchasing an additional 148,674 shares in the last quarter. California Public Employees Retirement System increased its position in shares of NextEra Energy by 2.4% in the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider's stock worth $517,126,000 after acquiring an additional 209,584 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider's stock worth $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.36 on Wednesday, reaching $66.56. The stock had a trading volume of 12,029,632 shares, compared to its average volume of 11,942,938. The business's 50-day moving average price is $60.47 and its two-hundred day moving average price is $58.89. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.10. The stock has a market cap of $136.61 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $6.28 billion. During the same period in the previous year, the company earned $0.84 earnings per share. NextEra Energy's revenue for the quarter was down 14.7% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from NextEra Energy's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy's payout ratio is presently 57.06%.

Analyst Ratings Changes

A number of research analysts recently commented on NEE shares. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, March 19th. Scotiabank boosted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a "sector outperform" rating in a research report on Monday. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $66.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.21.

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.