Handelsbanken Fonder AB Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Handelsbanken Fonder AB lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 256,450 shares of the utilities provider’s stock after selling 26,850 shares during the period. Handelsbanken Fonder AB’s holdings in NextEra Energy were worth $15,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NEE. Avitas Wealth Management LLC lifted its holdings in NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc grew its position in NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in NextEra Energy by 1.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares during the last quarter. Asio Capital LLC purchased a new position in NextEra Energy during the 4th quarter worth $2,701,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of NextEra Energy by 7.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after acquiring an additional 1,211 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NEE shares. Mizuho reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Scotiabank lifted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Morgan Stanley boosted their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.93.

NextEra Energy Price Performance

NEE opened at $66.18 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.25. The company has a 50 day moving average of $60.26 and a two-hundred day moving average of $58.83. The company has a market cap of $135.83 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.35 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio is 57.06%.

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.