NextEra Energy, Inc. $NEE Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in NextEra Energy by 0.6%, owning a total of 769,612 shares worth approximately $53.4 million after purchasing an additional 4,400 shares.
• Several research analysts have varying outlooks on NextEra Energy, with price targets ranging from $77.00 to $86.00 and a consensus rating of "Moderate Buy".
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, which corresponds to an annualized dividend of $2.27 and a yield of 2.8%.

KLP Kapitalforvaltning AS raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 769,612 shares of the utilities provider's stock after purchasing an additional 4,400 shares during the period. KLP Kapitalforvaltning AS's holdings in NextEra Energy were worth $53,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Avity Investment Management Inc. boosted its holdings in NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock worth $35,162,000 after buying an additional 8,565 shares during the last quarter. Integrity Alliance LLC. lifted its position in shares of NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after acquiring an additional 7,401 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of NextEra Energy in the first quarter worth approximately $783,000. Czech National Bank increased its position in shares of NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock worth $34,932,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. increased its position in shares of NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock worth $933,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NEE shares. HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. Finally, Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.08.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 11,336 shares of the business's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $82.13 on Tuesday. The company's 50-day moving average is $73.20 and its two-hundred day moving average is $71.36. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market capitalization of $169.13 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy's payout ratio is currently 79.37%.

NextEra Energy Company 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.

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