Livforsakringsbolaget Skandia Omsesidigt Sells 1,500 Shares of NextEra Energy, Inc. (NYSE:NEE)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 29.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,606 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NextEra Energy were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. International Assets Investment Management LLC increased its stake in NextEra Energy by 33.3% in the fourth quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after acquiring an additional 8,949 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of NextEra Energy by 34.5% during the 4th quarter. Cerity Partners LLC now owns 835,023 shares of the utilities provider’s stock worth $50,719,000 after buying an additional 214,199 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in shares of NextEra Energy by 97.9% during the 4th quarter. Janiczek Wealth Management LLC now owns 4,005 shares of the utilities provider’s stock worth $243,000 after buying an additional 1,981 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $2,599,000. Finally, Perigon Wealth Management LLC grew its stake in shares of NextEra Energy by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 77,827 shares of the utilities provider’s stock worth $4,727,000 after purchasing an additional 2,639 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.31 on Monday, reaching $77.15. The company’s stock had a trading volume of 1,775,350 shares, compared to its average volume of 11,524,694. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.56. The stock’s 50 day simple moving average is $73.88 and its 200-day simple moving average is $67.38. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $158.51 billion, a P/E ratio of 21.11, a PEG ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NEE shares. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets increased their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Citigroup boosted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.29.

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.