Nordea Investment Management AB Has $488.41 Million Stock Holdings in NextEra Energy, Inc. $NEE

Nordea Investment Management AB trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,468,943 shares of the utilities provider’s stock after selling 1,367,522 shares during the quarter. Nordea Investment Management AB owned approximately 0.31% of NextEra Energy worth $488,405,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Activest Wealth Management raised its position in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy in the 2nd quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy during the second quarter worth $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy in the third quarter valued at about $25,000. Finally, Quaker Wealth Management LLC lifted its stake in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NEE. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. TD Cowen started coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target for the company. Cowen initiated coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Citigroup reiterated a “buy” rating and set a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

NextEra Energy Stock Up 1.5%

Shares of NextEra Energy stock opened at $81.11 on Tuesday. The firm has a market cap of $168.92 billion, a PE ratio of 25.83, a P/E/G ratio of 2.48 and a beta of 0.74. The business’s 50 day simple moving average is $82.32 and its 200 day simple moving average is $77.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 72.29%.

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.