Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 334,534 shares of the utilities provider’s stock after selling 39,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NextEra Energy were worth $23,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cabot Wealth Management Inc. raised its holdings in shares of NextEra Energy by 1.7% in the fourth quarter. Cabot Wealth Management Inc. now owns 26,088 shares of the utilities provider’s stock valued at $1,870,000 after acquiring an additional 427 shares in the last quarter. Sigma Investment Counselors Inc. boosted its position in NextEra Energy by 0.9% in the fourth quarter. Sigma Investment Counselors Inc. now owns 61,259 shares of the utilities provider’s stock valued at $4,392,000 after buying an additional 536 shares during the last quarter. MONECO Advisors LLC boosted its position in NextEra Energy by 10.2% in the fourth quarter. MONECO Advisors LLC now owns 12,717 shares of the utilities provider’s stock valued at $912,000 after buying an additional 1,179 shares during the last quarter. Forvis Mazars Wealth Advisors LLC boosted its position in NextEra Energy by 0.6% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 34,586 shares of the utilities provider’s stock worth $2,479,000 after purchasing an additional 206 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its position in NextEra Energy by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 14,906 shares of the utilities provider’s stock worth $1,069,000 after purchasing an additional 724 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 2.3 %

Shares of NEE stock opened at $71.74 on Friday. The business’s 50 day moving average is $70.53 and its two-hundred day moving average is $76.56. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NEE shares. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $85.85.

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,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.