KBC Group NV Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

KBC Group NV raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,436 shares of the utilities provider’s stock after purchasing an additional 8,634 shares during the quarter. KBC Group NV’s holdings in NextEra Energy were worth $12,147,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in shares of NextEra Energy in the 4th quarter worth $3,015,000. Capital Asset Advisory Services LLC raised its holdings in NextEra Energy by 2.8% during the fourth quarter. Capital Asset Advisory Services LLC now owns 28,926 shares of the utilities provider’s stock worth $2,082,000 after purchasing an additional 798 shares in the last quarter. Blue Trust Inc. lifted its position in NextEra Energy by 16.6% in the fourth quarter. Blue Trust Inc. now owns 43,007 shares of the utilities provider’s stock valued at $3,083,000 after purchasing an additional 6,133 shares during the period. Cathy Pareto & Associates Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $381,000. Finally, Drive Wealth Management LLC increased its position in NextEra Energy by 13.0% during the 4th quarter. Drive Wealth Management LLC now owns 6,024 shares of the utilities provider’s stock worth $432,000 after purchasing an additional 692 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.6 %

NEE opened at $70.95 on Thursday. The firm has a market cap of $145.90 billion, a P/E ratio of 20.99, a PEG ratio of 2.29 and a beta of 0.58. The business’s fifty day simple moving average is $72.83 and its 200 day simple moving average is $77.14. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $85.85.

About NextEra Energy

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.