KBC Group NV grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,384 shares of the utilities provider’s stock after purchasing an additional 8,903 shares during the period. KBC Group NV’s holdings in NextEra Energy were worth $17,500,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of NEE. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth $2,816,327,000. Employees Provident Fund Board bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $240,840,000. Pictet Asset Management Holding SA lifted its holdings in NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after acquiring an additional 2,972,924 shares during the period. Amundi raised its stake in shares of NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares during the period. Finally, Caisse de depot et placement du Quebec raised its position in NextEra Energy by 64.4% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock worth $298,315,000 after acquiring an additional 1,456,185 shares during the period. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Stock Up 0.5%
NextEra Energy stock opened at $84.10 on Tuesday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The firm has a market capitalization of $175.41 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.29 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm has a 50 day simple moving average of $87.18 and a 200 day simple moving average of $89.87.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s dividend payout ratio is 55.96%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on NEE. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Evercore reiterated an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. Mizuho set a $95.00 price objective on NextEra Energy in a report on Monday, July 27th. Finally, HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.33.
Get Our Latest Stock Analysis on NextEra Energy
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.
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