KBC Group NV Has $9.57 Million Holdings in NextEra Energy Inc (NEE)

KBC Group NV decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Beach Investment Management LLC. increased its stake in shares of NextEra Energy by 1,572.6% in the 2nd quarter. Beach Investment Management LLC. now owns 163,583 shares of the utilities provider’s stock valued at $22,923,000 after acquiring an additional 153,803 shares in the last quarter. Commerce Bank increased its stake in shares of NextEra Energy by 2.9% in the 2nd quarter. Commerce Bank now owns 188,758 shares of the utilities provider’s stock valued at $26,450,000 after acquiring an additional 5,295 shares in the last quarter. ARGI Investment Services LLC increased its stake in shares of NextEra Energy by 0.9% in the 2nd quarter. ARGI Investment Services LLC now owns 8,443 shares of the utilities provider’s stock valued at $1,183,000 after acquiring an additional 73 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its stake in shares of NextEra Energy by 26.1% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 35,831 shares of the utilities provider’s stock valued at $5,021,000 after acquiring an additional 7,418 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of NextEra Energy by 8.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,611 shares of the utilities provider’s stock valued at $1,487,000 after acquiring an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

NEE has been the subject of several research analyst reports. Argus reiterated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Bank of America initiated coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research note on Tuesday, December 12th. Finally, Guggenheim restated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average price target of $161.38.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was 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. 0.53% of the stock is currently owned by insiders.

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. The firm has a market cap of $71,062.97, a PE ratio of 22.51, a P/E/G ratio of 2.50 and a beta of 0.28. NextEra Energy Inc has a fifty-two week low of $124.56 and a fifty-two week high of $159.64.

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

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NextEra Energy Company 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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