Livforsakringsbolaget Skandia Omsesidigt Has $310,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Livforsakringsbolaget Skandia Omsesidigt raised its position in NextEra Energy, Inc. (NYSE:NEE) by 91.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,106 shares of the utilities provider’s stock after buying an additional 2,438 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NextEra Energy were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. United Bank boosted its holdings in shares of NextEra Energy by 9.8% in the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after buying an additional 891 shares during the period. LSV Asset Management raised its position in NextEra Energy by 9.2% during the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in NextEra Energy by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after acquiring an additional 1,587 shares in the last quarter. Covestor Ltd raised its position in shares of NextEra Energy by 59.1% in the first quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares during the period. Finally, Ergoteles LLC bought a new position in shares of NextEra Energy in the first quarter valued at about $793,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Guggenheim boosted their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets reduced their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.27 during midday trading on Thursday, reaching $63.52. 978,187 shares of the stock traded hands, compared to its average volume of 11,722,194. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The stock has a market capitalization of $130.37 billion, a PE ratio of 17.67, a P/E/G ratio of 2.22 and a beta of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The company’s 50 day moving average is $59.58 and its 200 day moving average is $58.39.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.24%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

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.