Livforsakringsbolaget Skandia Omsesidigt Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 15,297 shares of the utilities provider’s stock after selling 1,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NextEra Energy were worth $1,084,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. L.M. Kohn & Company boosted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after acquiring an additional 145 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 149 shares during the period. Anchor Capital Advisors LLC boosted its holdings in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 150 shares during the period. Aspen Investment Management Inc boosted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock valued at $1,083,000 after acquiring an additional 151 shares during the period. Finally, Cim LLC boosted its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock valued at $2,397,000 after acquiring an additional 158 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. Barclays decreased their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Guggenheim reiterated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Finally, BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $71.91 on Tuesday. The firm has a market capitalization of $148.04 billion, a P/E ratio of 21.34, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company’s fifty day moving average is $68.48 and its two-hundred day moving average is $70.52. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy’s payout ratio is currently 84.64%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.