Handelsbanken Fonder AB Buys 14,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Handelsbanken Fonder AB lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,000 shares of the utilities provider’s stock after purchasing an additional 14,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in NextEra Energy were worth $21,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in NEE. PFG Private Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $31,000. Mascoma Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $44,000. GeoWealth Management LLC bought a new stake in NextEra Energy during the 2nd quarter worth approximately $52,000. Eubel Brady & Suttman Asset Management Inc. bought a new stake in NextEra Energy during the 2nd quarter worth approximately $61,000. Finally, Advanced Research Investment Solutions LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $80,000. 75.02% of the stock is currently owned by institutional investors.

NextEra Energy stock opened at $83.20 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.08. NextEra Energy, Inc. has a 12-month low of $68.33 and a 12-month high of $93.73. The firm’s fifty day moving average is $88.54 and its 200 day moving average is $83.64. The company has a market capitalization of $163.25 billion, a PE ratio of 69.33, a PEG ratio of 3.45 and a beta of 0.30.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. NextEra Energy had a net margin of 14.40% and a return on equity of 11.07%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company earned $0.67 EPS. NextEra Energy’s quarterly revenue was down 8.5% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 2.52 EPS for the current fiscal year.

In other NextEra Energy news, CEO John W. Ketchum sold 12,151 shares of the company’s stock in a transaction on Wednesday, December 15th. The shares were sold at an average price of $90.29, for a total transaction of $1,097,113.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald R. Reagan sold 4,545 shares of the company’s stock in a transaction on Friday, November 19th. The stock was sold at an average price of $88.00, for a total transaction of $399,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 101,448 shares of company stock worth $8,870,498 in the last quarter. 0.38% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of NextEra Energy from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, January 6th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $89.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 8th. Finally, Seaport Res Ptn restated a “buy” rating on shares of NextEra Energy in a research report on Tuesday, October 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $88.71.

NextEra Energy Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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