NextEra Energy Inc (NEE) Stake Lessened by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its position in NextEra Energy Inc (NYSE:NEE) by 20.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,092 shares of the utilities provider’s stock after selling 1,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NextEra Energy were worth $1,108,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NEE. Whalerock Point Partners LLC boosted its holdings in NextEra Energy by 0.3% in the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after acquiring an additional 15 shares in the last quarter. First Interstate Bank boosted its holdings in NextEra Energy by 1.3% in the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 16 shares in the last quarter. Sfmg LLC boosted its holdings in NextEra Energy by 0.7% in the second quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 19 shares in the last quarter. South Texas Money Management Ltd. boosted its holdings in NextEra Energy by 0.5% in the second quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 19 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in NextEra Energy by 0.3% in the second quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 75.41% of the company’s stock.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

NextEra Energy Inc (NYSE NEE) opened at $150.16 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The stock has a market capitalization of $70,634.97, a PE ratio of 22.51, a PEG ratio of 2.74 and a beta of 0.31. NextEra Energy Inc has a 52-week low of $117.91 and a 52-week high of $159.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. research analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current year.

Several equities analysts have commented on NEE shares. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, December 12th. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Thursday, October 12th. Argus reissued a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, Bank of America started coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $159.56.

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About NextEra Energy

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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