Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the first quarter, Holdings Channel reports. The institutional investor owned 95,487 shares of the utilities provider’s stock after selling 4,756 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NextEra Energy were worth $12,258,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of NEE. Dowling & Yahnke LLC increased its stake in shares of NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares during the last quarter. Genesee Valley Trust Co. increased its stake in shares of NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares during the last quarter. Regentatlantic Capital LLC increased its stake in shares of NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. increased its stake in shares of NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Shares of NextEra Energy, Inc. (NYSE NEE) opened at 140.97 on Tuesday. The firm has a 50 day moving average of $140.27 and a 200-day moving average of $129.94. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $144.87. The stock has a market capitalization of $66.00 billion, a P/E ratio of 17.15 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.24. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post $6.70 earnings per share for the current year.

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Several equities research analysts recently weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $143.00 target price (up from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 target price (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. BidaskClub downgraded shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $150.00 target price (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $147.00.

In related news, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total value of $7,140,633.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,111 shares of company stock worth $9,036,943. Corporate insiders own 0.53% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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