Viking Fund Management LLC Has $29.82 Million Stake in NextEra Energy, Inc. $NEE

Viking Fund Management LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,000 shares of the utilities provider’s stock after selling 30,000 shares during the period. NextEra Energy makes up approximately 3.6% of Viking Fund Management LLC’s investment portfolio, making the stock its 2nd biggest position. Viking Fund Management LLC’s holdings in NextEra Energy were worth $29,819,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the first quarter worth $26,000. Finally, Quaker Wealth Management LLC raised its stake in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $79.58 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $165.73 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company’s 50-day moving average is $83.43 and its 200 day moving average is $77.00.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

Insider Transactions at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 157,322 shares of company stock worth $13,148,943. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on NEE shares. Wolfe Research increased their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Evercore ISI reaffirmed an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a report on Tuesday, October 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Barclays set a $88.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 15th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Profile

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.