NextEra Energy, Inc. $NEE Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd grew its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,220 shares of the utilities provider’s stock after acquiring an additional 8,625 shares during the period. Swiss Life Asset Management Ltd’s holdings in NextEra Energy were worth $23,494,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NEE. Investment Research Partners LLC acquired a new stake in NextEra Energy in the third quarter valued at about $626,000. Cambria Investment Management L.P. purchased a new position in shares of NextEra Energy during the 3rd quarter worth approximately $306,000. Lantern Wealth Advisors LLC raised its stake in shares of NextEra Energy by 2.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 24,200 shares of the utilities provider’s stock worth $1,827,000 after buying an additional 600 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $71,000. Finally, Fulcrum Asset Management LLP lifted its holdings in shares of NextEra Energy by 35.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 79,025 shares of the utilities provider’s stock valued at $5,966,000 after buying an additional 20,630 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.6%

NYSE:NEE opened at $92.40 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $89.39 and a 200-day simple moving average of $83.36. The company has a market capitalization of $192.51 billion, a PE ratio of 28.08 and a beta of 0.76.

NextEra Energy (NYSE:NEEGet Free Report) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is currently 75.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NEE shares. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price objective on shares of NextEra Energy in a report on Friday, February 20th. Wolfe Research boosted their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. Barclays increased their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Seaport Research Partners lowered their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.44.

Get Our Latest Research Report on NEE

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

Insider Activity

In related news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer directly owned 26,719 shares of the company’s stock, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 190,816 shares of company stock worth $17,075,619 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Profile

(Free Report)

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.

Further Reading

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

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