NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 415,098 shares of the utilities provider’s stock after acquiring an additional 2,772 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NextEra Energy were worth $29,787,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Mascoma Wealth Management LLC increased its stake in NextEra Energy by 41.3% in the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 188 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in NextEra Energy by 124.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,602 shares of the utilities provider’s stock worth $10,223,000 after purchasing an additional 78,937 shares during the last quarter. Rakuten Securities Inc. raised its stake in NextEra Energy by 193.7% during the fourth quarter. Rakuten Securities Inc. now owns 1,824 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 1,203 shares during the period. Essential Planning LLC. purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $3,978,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of NextEra Energy during the 4th quarter worth $65,657,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NEE shares. Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Performance

NextEra Energy stock opened at $72.70 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm’s fifty day moving average price is $70.48 and its 200 day moving average price is $75.92. The company has a market capitalization of $149.55 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $58.88 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

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.