KBC Group NV raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,657 shares of the utilities provider’s stock after buying an additional 1,547 shares during the quarter. KBC Group NV’s holdings in NextEra Energy were worth $10,794,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Hanson McClain Inc. grew its holdings in NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares in the last quarter. Risk Paradigm Group LLC grew its holdings in NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after buying an additional 442 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares in the last quarter. Finally, Highstreet Asset Management Inc. bought a new position in NextEra Energy in the 2nd quarter worth approximately $134,000. Institutional investors and hedge funds own 75.39% of the company’s stock.
A number of equities analysts recently issued reports on NEE shares. Morgan Stanley increased their price objective on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Argus reissued a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. set a $169.00 price objective on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $159.63.
In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
Shares of NextEra Energy Inc (NEE) traded down $0.09 during midday trading on Thursday, reaching $150.50. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $70,790.00, a PE ratio of 16.91, a PEG ratio of 2.80 and a beta of 0.31. NextEra Energy Inc has a 1-year low of $117.88 and a 1-year high of $159.40.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $1.74 EPS. research analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
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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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