Nordea Investment Management AB Reduces Stock Position in NextEra Energy, Inc. $NEE

Nordea Investment Management AB reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,836,465 shares of the utilities provider’s stock after selling 1,463,574 shares during the quarter. Nordea Investment Management AB’s holdings in NextEra Energy were worth $533,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NEE. GQG Partners LLC lifted its stake in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after buying an additional 2,815,629 shares in the last quarter. Amundi lifted its stake in shares of NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after buying an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after buying an additional 1,886,999 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $85.00 on Friday. The company’s fifty day moving average price is $75.30 and its 200-day moving average price is $72.13. The firm has a market capitalization of $175.04 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.90 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research note on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday. Finally, Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

NextEra Energy 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.