Forsta AP Fonden Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Forsta AP Fonden raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 515,900 shares of the utilities provider’s stock after buying an additional 2,800 shares during the quarter. Forsta AP Fonden’s holdings in NextEra Energy were worth $36,985,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in shares of NextEra Energy by 195.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 20,982 shares of the utilities provider’s stock valued at $1,486,000 after buying an additional 13,886 shares in the last quarter. Regal Investment Advisors LLC increased its stake in shares of NextEra Energy by 11.0% during the second quarter. Regal Investment Advisors LLC now owns 3,503 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 346 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of NextEra Energy by 14.8% during the second quarter. Pathway Financial Advisers LLC now owns 11,755 shares of the utilities provider’s stock valued at $831,000 after purchasing an additional 1,511 shares during the last quarter. Granite Bay Wealth Management LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $316,000. Finally, SPC Financial Inc. grew its stake in shares of NextEra Energy by 39.0% in the 2nd quarter. SPC Financial Inc. now owns 10,071 shares of the utilities provider’s stock worth $713,000 after buying an additional 2,828 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NEE shares. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday. Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Down 4.5 %

Shares of NYSE:NEE opened at $70.50 on Wednesday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market cap of $144.97 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The stock has a 50 day moving average of $72.83 and a 200 day moving average of $77.14. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

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, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

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.