KBC Group NV Acquires 13,045 Shares of NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

KBC Group NV boosted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 160,802 shares of the utilities provider’s stock after purchasing an additional 13,045 shares during the quarter. KBC Group NV’s holdings in NextEra Energy were worth $13,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Bell Bank lifted its stake in shares of NextEra Energy by 2.0% in the third quarter. Bell Bank now owns 9,605 shares of the utilities provider’s stock worth $812,000 after buying an additional 189 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in NextEra Energy in the 3rd quarter valued at approximately $51,000. D Orazio & Associates Inc. purchased a new stake in NextEra Energy during the 3rd quarter valued at $200,000. Schrum Private Wealth Management LLC increased its holdings in shares of NextEra Energy by 47.4% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,860 shares of the utilities provider’s stock worth $1,002,000 after purchasing an additional 3,813 shares in the last quarter. Finally, Saturna Capital Corp raised its stake in shares of NextEra Energy by 13.6% in the third quarter. Saturna Capital Corp now owns 9,175 shares of the utilities provider’s stock worth $776,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $86.54.

View Our Latest Report on NextEra Energy

NextEra Energy Price Performance

NYSE NEE opened at $76.35 on Friday. The stock has a market cap of $157.01 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company’s 50 day moving average is $81.53 and its two-hundred day moving average is $77.41. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

NextEra Energy Company Profile

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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