NextEra Energy, Inc. $NEE Shares Sold by Skandinaviska Enskilda Banken AB publ
by Teresa Graham · The Cerbat GemSkandinaviska Enskilda Banken AB publ reduced its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,616 shares of the utilities provider’s stock after selling 17,630 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NextEra Energy were worth $32,392,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Activest Wealth Management raised its position in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the 1st quarter worth $26,000. Quaker Wealth Management LLC boosted its holdings in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter valued at about $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Up 0.7%
Shares of NYSE:NEE opened at $86.13 on Friday. The firm has a market cap of $179.36 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company has a fifty day simple moving average of $82.33 and a 200 day simple moving average of $75.79. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.
Insider Buying and Selling
In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,168 shares of company stock valued at $13,917,670 over the last three months. Corporate insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on NEE. Morgan Stanley dropped their target price on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Mizuho boosted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday. Finally, HSBC increased their price target on NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $90.63.
Read Our Latest Research Report on NEE
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.
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