Xact Kapitalforvaltning AB Sells 2,078 Shares of NextEra Energy Inc (NEE)

Xact Kapitalforvaltning AB decreased its position in NextEra Energy Inc (NYSE:NEE) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,140 shares of the utilities provider’s stock after selling 2,078 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in NextEra Energy were worth $8,068,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NEE. Principal Financial Group Inc. grew its position in NextEra Energy by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,641,235 shares of the utilities provider’s stock valued at $268,063,000 after acquiring an additional 51,158 shares in the last quarter. NEXT Financial Group Inc grew its position in NextEra Energy by 14.6% in the first quarter. NEXT Financial Group Inc now owns 3,006 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 384 shares in the last quarter. Summit Trail Advisors LLC grew its position in NextEra Energy by 16,150.9% in the first quarter. Summit Trail Advisors LLC now owns 312,993 shares of the utilities provider’s stock valued at $313,000 after acquiring an additional 311,067 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in NextEra Energy in the first quarter valued at approximately $239,000. Finally, Suntrust Banks Inc. grew its position in NextEra Energy by 5.8% in the first quarter. Suntrust Banks Inc. now owns 345,404 shares of the utilities provider’s stock valued at $56,414,000 after acquiring an additional 18,815 shares in the last quarter. 76.38% of the stock is owned by institutional investors.

In related news, Treasurer Paul I. Cutler sold 11,016 shares of the firm’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $175.08, for a total transaction of $1,928,681.28. Following the transaction, the treasurer now directly owns 102,291 shares in the company, valued at $17,909,108.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total value of $1,835,299.32. Following the transaction, the chief executive officer now owns 64,169 shares in the company, valued at $10,971,615.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,024 shares of company stock valued at $12,742,375. Company insiders own 0.55% of the company’s stock.

Several brokerages have issued reports on NEE. Wells Fargo & Co increased their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Morgan Stanley increased their price objective on shares of NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Mizuho started coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Wednesday, August 8th. Finally, KeyCorp increased their target price on NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $170.64.

Shares of NextEra Energy stock traded up $0.31 on Friday, hitting $171.88. 6,654 shares of the company’s stock traded hands, compared to its average volume of 1,976,797. The stock has a market cap of $80.56 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.20. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a 52-week low of $145.10 and a 52-week high of $175.66.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.51 billion. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. As a group, equities analysts predict that NextEra Energy Inc will post 7.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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