NextEra Energy Inc (NEE) Shares Sold by KBC Group NV

KBC Group NV cut its stake in NextEra Energy Inc (NYSE:NEE) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,295 shares of the utilities provider’s stock after selling 12,362 shares during the quarter. KBC Group NV’s holdings in NextEra Energy were worth $9,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NEE. Janus Henderson Group PLC increased its position in NextEra Energy by 2,832.8% during the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after acquiring an additional 1,738,989 shares during the period. Vanguard Group Inc. increased its position in NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in NextEra Energy by 26.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after acquiring an additional 777,351 shares during the period. BT Investment Management Ltd bought a new position in NextEra Energy during the second quarter worth about $96,214,000. Finally, Patten Group Inc. increased its position in NextEra Energy by 7,613.6% during the third quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock worth $1,326,000 after acquiring an additional 677,154 shares during the period. 75.24% of the stock is currently owned by institutional investors.

In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were 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 in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NEE) opened at $150.08 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a 1-year low of $124.56 and a 1-year high of $159.64. The company has a market cap of $71,062.97, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.28.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts predict that NextEra Energy Inc will post 7.67 earnings per share for the current year.

NEE has been the topic of a number of recent research reports. Argus reaffirmed a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Bank of America initiated coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday, December 12th. Finally, Guggenheim reissued a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average target price of $161.38.

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NextEra Energy Profile

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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