NextEra Energy, Inc. $NEE Stock Bought by Danske Bank A S

Danske Bank A S lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the third quarter, Holdings Channel.com reports. The fund owned 1,664,701 shares of the utilities provider’s stock after acquiring an additional 112,288 shares during the quarter. Danske Bank A S’s holdings in NextEra Energy were worth $126,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Legal & General Group Plc acquired a new stake in NextEra Energy during the 2nd quarter valued at approximately $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock worth $1,430,834,000 after purchasing an additional 895,824 shares during the last quarter. Amundi raised its holdings in NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after purchasing an additional 4,231,814 shares during the last quarter. GQG Partners LLC acquired a new position in shares of NextEra Energy in the 2nd quarter worth approximately $651,293,000. Finally, Swiss National Bank lifted its position in shares of NextEra Energy by 7.1% in the 1st quarter. Swiss National Bank now owns 6,043,500 shares of the utilities provider’s stock worth $561,320,000 after purchasing an additional 400,300 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. HSBC set a $103.00 price objective on shares of NextEra Energy in a research note on Thursday, October 22nd. BTIG Research set a $106.00 price target on shares of NextEra Energy in a research report on Thursday, October 22nd. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Monday, October 12th. Mizuho decreased their price target on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. Finally, Scotiabank lowered their price objective on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE traded down $0.12 during mid-day trading on Friday, reaching $85.17. 11,746,017 shares of the company’s stock traded hands, compared to its average volume of 13,410,945. The stock has a market cap of $178.62 billion, a P/E ratio of 15.35, a PEG ratio of 2.64 and a beta of 0.60. The business has a 50-day simple moving average of $80.81 and a 200 day simple moving average of $87.29. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s payout ratio is currently 44.86%.

About NextEra Energy

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.