Fjarde AP Fonden Adjusts Stake in NextEra Energy Shares

Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its investment in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.6% during the most recent fourth quarter. The pension fund’s latest filing with the Securities and Exchange Commission (SEC) indicates that it now holds 334,534 shares after selling 39,600 shares during this period. As of the end of the fourth quarter, Fjarde AP Fonden's investment in NextEra Energy was valued at approximately $23,983,000.

A variety of other institutional investors and hedge funds have also adjusted their positions in NextEra Energy recently. For example, Reston Wealth Management LLC acquired a new stake in the company during the third quarter worth about $27,000. Additionally, Burkett Financial Services LLC significantly increased its holdings of NextEra Energy shares by 1,229.6% in the fourth quarter, holding a total of 359 shares valued at $26,000 after purchasing an extra 332 shares. Furthermore, Sugar Maple Asset Management LLC made a new investment in NextEra Energy for approximately $28,000 in the same quarter. Quarry LP also entered a new investment in the third quarter valued at around $33,000, and Luken Investment Analytics LLC acquired shares worth approximately $36,000 in the fourth quarter. Overall, institutional investors and hedge funds now own around 78.72% of NextEra Energy's stock.

Insider Transactions

In other notable developments, the company’s Chief Accounting Officer, James Michael May, sold 2,383 shares in a transaction conducted on February 18th. The shares were sold at an average price of $68.09, totaling $162,258.47. After this sale, May now owns 27,427 shares valued at around $1,867,504.43, reflecting a 7.99% decrease in his holdings. This transaction was documented in a legal filing with the SEC, which can be accessed for further details. Presently, insiders hold about 0.18% of the company's total stock.

NextEra Energy's Stock Performance

On Friday, shares of NextEra Energy opened at $71.74. Over the past twelve months, the stock has fluctuated between a low of $53.95 and a high of $86.10. The company currently boasts a market capitalization of $147.56 billion, with a price-to-earnings (P/E) ratio of 21.29 and a P/E/G ratio of 2.45. The beta value is recorded at 0.58, indicating lower volatility compared to the market. The fifty-day simple moving average is at $70.53, while the 200-day simple moving average stands at $76.56. Financial ratios show a quick ratio of 0.38, a current ratio of 0.47, and a debt-to-equity ratio of 1.20.

NextEra Energy recently reported its quarterly earnings on January 24th, where it achieved earnings per share (EPS) of $0.53, matching analysts' expectations. The company has reported a net margin of 28.06% with a return on equity of 11.85%. Analysts project that NextEra Energy will post an EPS of 3.68 for the current fiscal year.

Dividend Announcement

In a recent announcement, NextEra Energy declared a quarterly dividend that will be distributed on March 17th. Shareholders on record by February 28th will receive a dividend of $0.5665 per share, marking an increase from the previous dividend of $0.52. This translates to an annualized dividend of $2.27, resulting in a yield of 3.16%. The ex-dividend date is also set for February 28th. NextEra Energy's current dividend payout ratio is noted to be 67.06%.

Analysts' Price Target Adjustments

Equity research analysts have recently provided updates on NextEra Energy's stock price targets. Evercore ISI has lowered its price target from $84.00 to $79.00, maintaining an "in-line" rating on the stock as of January 27th. Conversely, BMO Capital Markets raised its price target from $82.00 to $84.00 on the same day. In another report, Jefferies Financial Group reduced its target from $81.00 to $77.00, while Morgan Stanley increased its target from $93.00 to $94.00, rating the stock as "overweight." Lastly, JPMorgan Chase & Co. adjusted its target down from $99.00 to $90.00. Currently, eight analysts have rated the stock as a hold, while seven are recommending a buy, resulting in an average rating of "Hold" and a consensus target price of $85.85.

Overview of NextEra Energy

NextEra Energy, Inc. operates through its subsidiaries to generate, transmit, distribute, and sell electric power both to retail and wholesale customers across North America. The company produces electricity from diverse sources including wind, solar, nuclear, and natural gas, emphasizing clean energy solutions. Additionally, NextEra Energy is engaged in the development, construction, and management of renewable energy projects, battery storage solutions, and electric transmission facilities, further establishing its presence in the energy market.

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