Swiss National Bank Lowers Holdings in NextEra Energy, Inc. $NEE

Swiss National Bank reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,934,100 shares of the utilities provider’s stock after selling 297,400 shares during the period. Swiss National Bank owned about 0.28% of NextEra Energy worth $447,965,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC grew its stake in shares of NextEra Energy by 0.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after acquiring an additional 118 shares in the last quarter. apricus wealth LLC raised its stake in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 120 shares in the last quarter. Isthmus Partners LLC boosted its holdings in NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 120 shares during the period. Fingerlakes Wealth Management Inc. grew its stake in NextEra Energy by 0.8% during the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after purchasing an additional 124 shares in the last quarter. Finally, Heritage Wealth Management Inc. increased its holdings in NextEra Energy by 1.0% during the 3rd quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 125 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. This trade represents a 65.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of NextEra Energy 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 in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,049 shares of company stock worth $14,194,542. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.1%

NEE opened at $91.03 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91. The company has a market cap of $189.66 billion, a P/E ratio of 27.67 and a beta of 0.75. The business’s 50-day simple moving average is $87.27 and its 200-day simple moving average is $82.36.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is presently 75.68%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Weiss Ratings downgraded NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research note on Thursday, January 29th. BTIG Research reiterated a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.16.

About NextEra Energy

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.