NextEra Energy, Inc. (NYSE:NEE) Shares Sold by KBC Group NV

KBC Group NV reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,339 shares of the utilities provider's stock after selling 4,097 shares during the period. KBC Group NV's holdings in NextEra Energy were worth $11,721,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at about $36,000. Promus Capital LLC acquired a new position in NextEra Energy in the 4th quarter valued at about $45,000. Finally, Mascoma Wealth Management LLC increased its stake in NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Down 0.0%

Shares of NextEra Energy stock traded down $0.01 during trading on Wednesday, hitting $73.05. 11,240,023 shares of the stock were exchanged, compared to its average volume of 11,023,833. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The firm's 50-day moving average price is $70.21 and its 200 day moving average price is $70.11. The stock has a market cap of $150.38 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Analyst Ratings Changes

Several research analysts have recently commented on NEE shares. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays reduced their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Finally, UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.55.

NextEra Energy Profile

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.