Swiss National Bank Reduces Position in NextEra Energy, Inc. $NEE

Swiss National Bank decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,934,100 shares of the utilities provider’s stock after selling 297,400 shares during the period. Swiss National Bank’s holdings in NextEra Energy were worth $447,965,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WINTON GROUP Ltd acquired a new position in NextEra Energy in the third quarter valued at $2,823,000. Navalign LLC boosted its stake in shares of NextEra Energy by 6.2% during the third quarter. Navalign LLC now owns 5,081 shares of the utilities provider’s stock worth $384,000 after buying an additional 296 shares during the period. SNS Financial Group LLC acquired a new stake in shares of NextEra Energy during the third quarter worth about $204,000. Flavin Financial Services Inc. grew its holdings in shares of NextEra Energy by 14.7% during the third quarter. Flavin Financial Services Inc. now owns 34,886 shares of the utilities provider’s stock worth $2,634,000 after buying an additional 4,477 shares during the last quarter. Finally, Certified Advisory Corp grew its holdings in shares of NextEra Energy by 21.7% during the third quarter. Certified Advisory Corp now owns 4,230 shares of the utilities provider’s stock worth $319,000 after buying an additional 755 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NEE opened at $91.03 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average is $87.27 and its two-hundred day moving average is $82.36. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $95.91. The firm has a market capitalization of $189.66 billion, a PE ratio of 27.67 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 75.68%.

Wall Street Analyst Weigh In

Several analysts have commented on NEE shares. BMO Capital Markets set a $95.00 price objective on NextEra Energy in a research note on Thursday, January 29th. Seaport Research Partners lowered their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Argus set a $92.00 target price on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company upped their price target on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group set a $87.00 price target on NextEra Energy in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.16.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.