Forsta AP Fonden Buys 40,200 Shares of NextEra Energy, Inc. (NYSE:NEE)

Forsta AP Fonden raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,100 shares of the utilities provider's stock after purchasing an additional 40,200 shares during the quarter. Forsta AP Fonden's holdings in NextEra Energy were worth $43,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in NextEra Energy during the 2nd quarter valued at $33,000. Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the 3rd quarter valued at $39,000. Finally, ORG Wealth Partners LLC bought a new stake in NextEra Energy during the 3rd quarter valued at $45,000. Institutional investors own 78.72% of the company's stock.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective on the stock. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday. Bank of America lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.54.

NextEra Energy Stock Performance

NYSE NEE traded down $1.38 during trading on Friday, hitting $81.43. 6,581,101 shares of the company's stock traded hands, compared to its average volume of 8,940,641. The stock has a market capitalization of $167.37 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The business has a 50 day moving average of $82.36 and a 200-day moving average of $76.12.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is presently 66.88%.

About NextEra Energy

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.