KBC Group NV Acquires 8,775 Shares of NextEra Energy Inc. (NEE)
KBC Group NV boosted its stake in NextEra Energy Inc. (NYSE:NEE) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,868 shares of the company’s stock after buying an additional 8,775 shares during the period. KBC Group NV’s holdings in NextEra Energy were worth $8,791,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. James Investment Research Inc. raised its stake in shares of NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the company’s stock worth $131,000 after buying an additional 344 shares during the period. Blue Chip Partners Inc. bought a new stake in shares of NextEra Energy during the second quarter worth about $140,000. Finally, Jackson Grant Investment Advisers Inc. raised its stake in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the period. 72.53% of the stock is owned by institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded up 0.93% during trading on Tuesday, hitting $117.38. The stock had a trading volume of 1,482,854 shares. NextEra Energy Inc. has a 12 month low of $96.19 and a 12 month high of $131.98. The stock has a market cap of $54.85 billion, a price-to-earnings ratio of 22.18 and a beta of 0.26. The company’s 50 day moving average price is $120.86 and its 200 day moving average price is $123.62.
NextEra Energy (NYSE:NEE) last issued its earnings results on Monday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.07. The company earned $4.81 billion during the quarter, compared to analysts’ expectations of $4.87 billion. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. During the same period in the prior year, the business earned $1.60 EPS. Equities research analysts expect that NextEra Energy Inc. will post $6.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 66.29%.
A number of equities research analysts have issued reports on the stock. Morgan Stanley reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. Deutsche Bank AG downgraded NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a research report on Friday, September 23rd. Bank of America Corp. reiterated a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research report on Tuesday, September 27th. Mizuho reiterated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research report on Tuesday, August 30th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $129.08.
In other NextEra Energy news, Director Amy B. Lane purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average price of $122.90 per share, with a total value of $122,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $123.70, for a total value of $621,221.40. Following the completion of the transaction, the chief executive officer now directly owns 72,165 shares in the company, valued at approximately $8,926,810.50. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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